Suppose records show that the average income in a country has been increasing over a period of time. From this can we conclude that all sections of the economy have become better? Illustrate your answer with an example.
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3
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change in technology and education system
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Increase in average income cannot be a guarantee of overall progress of the economy. As the data of Punjab and Kerala; in this chapter; show, there are other factors which also need to be analysed before arriving at a conclusion. Some of those factors are; infant mortality rate, literacy rate, etc.
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