What are the drawbacks of comparing 2 countries on the basis of average income?
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Often, the per capita income is calculated for cities and countries. ... This is used to compare the wealth of one population with those of the others. ... 2) It does not reflect the living standard of the people of a specific area. ... Two disadvantages of per capita income as an indicator of an economy's progress or ...
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Often, the per capita income is calculated for cities and countries. ... This is used to compare the wealth of one population with those of the others. ... 2) It does not reflect the living standard of the people of a specific area. ... Two disadvantages of per capita income as an indicator of an economy's progress or ...
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