Social Sciences, asked by Maneesh10901, 10 months ago

What do you mean by average income write down its limitations?

Answers

Answered by Anonymous
2

Explanation:

Meaning: Due to limitations of national income as an indicator of development, economists like Rostow, Baran and Leibenstein etc. favored the use of per capita income as an index of development. ... Broadly speaking per capita income refers to the real national income divided by the total population of the country.

Answered by snighda43
0

Heya...

Answer:

The basic limitation are that they are not able to over spend on exercise things that are not means for them .Average income for Per capita income (PCI)estimate the common salary obtained per person in a particular city,area, Nation in a particular year.

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