What are the limitations of comparing different nations based on their per capita income
Answers
Answered by
5
IT IGNORES
- EQUAL DISTRIBUTION OF INCOME
- NON-ECONOMIC ASPECTS LIKE:-
- EDUCATION
- HEALTH
- PEACE
ETC.
Answered by
8
Answer:
Total income of the country divided by its total population is known as per capita income of a country or average income.
Explanation:
Even two countries have identical per capita income skip was not necessarily mean that this income is equally distributed among its population. For example take the case of two countries country a and country b in country a people are neither very rich nor very poor but in country b of the citizens are very poor and among them only one is rich. Even then both these countries A and B are having and identical per capita income.So we can say that while average income is useful for comparison it does not tell us how this income is distributed among the people
Similar questions
Hindi,
5 months ago
Math,
5 months ago
English,
5 months ago
India Languages,
10 months ago
Math,
1 year ago