what are the shortcoming of parcapita income as a measure of development
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It does not include the other parameters into consideration like- education status, Life-expectancy and sex- ratio etc.
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heya,
because per capita income talk about only quantitative changes not qualitative changes so so both changes are requirements are the development of economy. for the development of economy it should be should be growth plus structural changes also.
because per capita income talk about only quantitative changes not qualitative changes so so both changes are requirements are the development of economy. for the development of economy it should be should be growth plus structural changes also.
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