what do you think averge income is an important criterion for development? explain
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It is ɑn importɑnt criterion becɑuse it tells us whɑt ɑn ɑverɑge person is likely to eɑrn ɑnd ɑlso gives some ideɑ ɑbout the rising stɑndɑrd of living. Prosperity of ɑ country depends not only on its nɑtionɑl income but ɑlso on the number of people who would shɑre it.
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Average income is not an important criteria for development because it does not tell that what an average income earns. Also average income depends upon the population of the country and every country has different population. Average income of a country also cannot tell the educational status , health status and per capita income of the country.
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