how is per capita income derived
Answers
Explanation:
Per capita income, also known as income per person, is the meanincome of the people in an economic unit such as a country or city. It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross national income) and dividing it by the total population.
Answer:
problems in markets of ruler areas despite growing demands the per capita income of ruler families remains low which effects their purchasing powers. a majority of ruler population consist of daily wage workers or labours. the income of the farmers is dependent on the monsoon. the buying patterns are also different from urban areas where shopping is a regular activity. most of the buying takes place during festivals and after the harvest. lack of infrastructure like good roads, availability of electricity and water supply, also deters the sellers from going there.