Question

Give three reasons were average income is comparing situation

Answer 1

Average income needs to be saved for future in mutual fund investments and gold, property etc.

Answer 2

Answer:

Average is used for comparing the countries in terms of rich and poor countries.

ii. Average is used for comparing the income of two countries (per capita income)

iii. Average is used for comparing the development like availablility of health, education facilities per 1000 people.