Economy, asked by pratibharath, 1 year ago

Only the per capital income cannot reflect the true state of economic development why? One mark question

Answers

Answered by Vishal2019ranjan
1

Because it doesn't show the individuals income

Answered by ImmortalWisdom
3

Economic Development means both Quantitative and Qualitative Growth.

Per capita income only measures the quantative growth of a country i.e. income. It does not measure the quality of the population, so it does not reflect the true state of economic development.

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