measuring development through national income is not appropriate. Why?
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in national income we can not say or talk about development of every one in the nation so national income is not the best way so we just choose HDI for this
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-National Income used to be the prime method of comparing countries
-But this measure is inappropriate because of a few reasons
1.National Income will hide Income Disparities and Countries with huge population tend to have larger NI despite having very low GDP per capita and standard of life
2.This measure doesnt the count the cost of living,A certain amount can get you different standards of life in various places
3.A developed economy isnt just rich,It should be safe,healthy and happy and thereby prosporous,These factors arent considered in National Income
HOPE IT HELPD
IF YES,MARK IT AS BRAINLIEST
-But this measure is inappropriate because of a few reasons
1.National Income will hide Income Disparities and Countries with huge population tend to have larger NI despite having very low GDP per capita and standard of life
2.This measure doesnt the count the cost of living,A certain amount can get you different standards of life in various places
3.A developed economy isnt just rich,It should be safe,healthy and happy and thereby prosporous,These factors arent considered in National Income
HOPE IT HELPD
IF YES,MARK IT AS BRAINLIEST
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