Question

beside size of per capita income what other property of income is more important for comparing two or more societies

Answer 1

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★ Another property of comparing societies on the bases of income can be More Equitable Distribution Of Income .

★ A poor society with more Equitable distribution of income is far more well off than a rich country with unequal distribution.

★ This is the greatest limitation of PCI that it hides the internal disparities and destroy the links between the poor & the rich.

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Answer 2

Purchasing power parity is another impossible property of income; while comparing two or more societies. Purchasing parities show the ability of people to purchases some items which are taken for comparison.

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