Economy, asked by srjdas21, 9 months ago

How far per capita income is dependable as an indicator of economic development?

Answers

Answered by shubham610
0

Answer:

Per Capita Income is not an adequate indicator of economic development for the following reasons : It is an average amount of the total income which means it can't show the actual income status of a country. ... It needs other criterion to judge the economic development like literacy rate .

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