Per capital
income is used as
indicator of developmen instead of national income
income why?
Answers
Per Capita Income as a Growth Indicator : Dividing GDP/GNP by the total population one gets per capita GDP/GNP. Conventionally, per capita income is used as an index of development. ... Greater the income, higher the standard of living of people, and lower the incidence of poverty and inequality.
However, the reality is not so simple as it has ‘been painted here. Although there may be a positive association between high income and higher level of development and between low income and a state of un-development, there are many reasons that suggest per capita income is not an acceptable criterion of development.
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Explanation:
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