Question

Though the level of income is important, it is an inadequate measure of the level of development.” Justify the statement.​

Answer 1

The level of income is important yet it is an inadequate measure of the level of development because only material can be bought with money but non-materialistic deveopment does not depend on money. ... These needs can be fulfilled with the help of money or income. So, it is important for development

Answer 2

Answer:

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Explanation:

Though the level of income is important it is an inadequate measure of level of development. the statement States that level of income is important but sometimes right in developing countries the the income is calculated on the basis of average and in that case it doesn't show the economic conflicts between different classes of people. which basically means that rich remains the rich and poor remains the poor.

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