what is PCI and GDP write the limitations oF PCI
khatrilakshya:
once again plese
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Heya☺
PCI is Per Capita Income or the average income .
Whereas GDP is Gross Domestic Product which means the final value if goods produced within a year in a country .
Limitations of PCI ---
1) It's just an average , hence it doesn't gives the appropriate data of all the citizens of that country .
2) It is a narrow based concept.
PCI is Per Capita Income or the average income .
Whereas GDP is Gross Domestic Product which means the final value if goods produced within a year in a country .
Limitations of PCI ---
1) It's just an average , hence it doesn't gives the appropriate data of all the citizens of that country .
2) It is a narrow based concept.
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