Is per capita income a true measure of development. Elaborate
Answers
Answer:
No , Per capita income is not a true measure of the Development because:- 1) It only tells us about average income not how income is distributed among the people. 2) It only give us an idea of the economic aspect. 3) It is only at the Qualitative basis. 4) Moreover, income is not only the way of development other factors are also as much as important as income.
Explanation:
From another brainly user
No it's not the true measure of development because of the following reasons::
.. different countries adopt different developmental goals or plans and their measure for develop are also different from others similar example is India and American
....per capita income does not tell us how this income is distributed among the people
.... different countries measure their per capita income in their own currency and afterwards it's converted into dollars...
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