mention any three limitations of per capita as an indicator of development
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Limitations of per capita income are :
(i) A rise in per capita income is due to rise in prices and not due to increase in physical output, it is not a reliable index of economic development.
(ii) National income rises but its distribution makes the rich richer and the poor poorer.
(iii) It excludes all non-marketed goods and services, even though they may be important for human happiness and better quality of life.
(i) A rise in per capita income is due to rise in prices and not due to increase in physical output, it is not a reliable index of economic development.
(ii) National income rises but its distribution makes the rich richer and the poor poorer.
(iii) It excludes all non-marketed goods and services, even though they may be important for human happiness and better quality of life.
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1..It hide disparaties or differences of people's income.
2..It does not show the quality of citizens' life.
3..It doesn't show the distribution of income among poor and rich.
IF THIS IS HELPFUL MARK IT BRAINLIEST ..bruh...!
2..It does not show the quality of citizens' life.
3..It doesn't show the distribution of income among poor and rich.
IF THIS IS HELPFUL MARK IT BRAINLIEST ..bruh...!
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