Economy, asked by pradhanbhawna719, 1 month ago

average income is an important creation for development explain

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Answered by XxSilentAgent47xX

1

Answer:

Answer. (i) Average income gives us an idea what an average person is likely to get out of the total national income. (ii) Average income is used to classify the countries into rich, poor or developing nations. (iii) Average income is used to make economic policies.

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