Besides the size of per capita income which other property of income is important for country's development
Answers
Answered by
7
Average income, i.e., percapita incomeisan important but notthe only criterion for development.
Along with average income, equitable distribution of income (i.e., people are neither very rich nor extremely poor) in a country should also be considered.
If the national income is widely distributed among the people, It shows a better distribution of income.
High per capita income combined with a better distribution of income is a good index of economic welfare.
Similar questions