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"while average income is useful for comparison but it may hide disparities"Discuss ?plzzzzzz anyone help me :(
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Explanation:
Per capita income is an important criterion for development is considered to be one of the most important attributes for comparing countries but is suffers from the following limitations:
(i) Per capita income doesn’t tell us anything about the distribution of income. A poor country with a more equal distribution of income would be better off than a richer country with unequal distribution of income.
(ii) Per capita income doesn’t measure various facilities & services that influence quality of life e.g. health facilities, education facilities, equal treatment etc.
(iii) It is effected by size of population. Even with a large national income, per capita income will be low if a country has large population
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