Economy, asked by thegreatBILAL, 1 year ago

besides sizes of per capita income , what other property of income is important in campring two or more societies?​

Answers

Answered by aadityasinha2004
2

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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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Answered by 1a2f4
0

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

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