Question

what are the factors other than per capita income that are important when comparing two or more countries?​

Answer 1

Different countries in the world can be compared on the basis of several dimensions such as economic structure, unemployment and rule of law and governance

• Compare countries on the basis of economic structure. One should peek at the shares of Farming, Industry, and Services in the all-around value added of the economy. Normally, lower income countries have a vaster share of agriculture and the share of services improves as they develop.

• Compare countries on the basis of unemployment. The unemployment rate is the definitive variable used to compare countries. Regardless, one may want to notice at youth and long-term unemployment adequately. Both indicators imply wider, longer-term situations in the labour market.

• Compare countries on the basis of rule of law and governance:- The adequate data to look at are the World Bank administration indicators. They can be used to compare countries in terms of the integrity of the bureaucracy, the efficiency of the civil administration, and more.

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Answer 2

Answer:

Explanation:

Different countries in the world can be compared on the basis of several elements such as economic structure, unemployment and rule of law,  governance, population, HDI that is Human Development Index.

• Human Development Index: it is the report which is published by United Nations Development Program.
• It reports the- education levels of people, per capita income and health status.
• Also apart from the country size, equitable distribution of income is also important.
• GDP is also very important when comparing two or more countries. GDP is Gross Domestic Product.
• National income is another important factor when comparing two or more countries.
• Purchasing power parity is another element.

Hence, this are all important element when we compare two or more than two countries.

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