Is per capital income a true measure of development?elaborate
Answers
Answer:
HERE IS YOUR ANSWER
Explanation:
(i) Per capita income is the average income. It is income per head of the population per year.
(ii) Per Capita Income = Total income of country/Total population
(iii) It is not an adequate indicator because:
(a) It does not tell us how this income is distributed. Per Capita Income might not be the income of every individual in the state.
(b) Life expectancy and Infant Mortality Rate are other important criteria for measuring development.
(c) Education and literacy level are other indicators of development.
(d) Pollution free environment, less corruption, gender equality etc. are also important.
HOPE YOU LIKE THE 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