How can we calculate average income(per-capita income)
Are there any limitations?
Illustrate with your own examples related to the development.
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There are limitations of calculating averages because this does not give any information about the distribution of a thing between people. For example, the per capita income does not show the distribution of income. It does not show the percentage of the poor in the population. 7.
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We use averages as they are useful for comparing differing quantities of the same category. There are limitations of calculating averages because this does not give any information about the distribution of a thing between people. For example, the per capita income does not show the distribution of income.
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