What is per capita income and can it be regardedas the soul indicator of economic development of a country?
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Here is your answer !!
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☆Per capita income ☆:-
☆Per capita income is defined as when total national income is divided by Total population.
☆Per capita income is also known as Average income.
☆Per capita income is very important for the development of any country.
☆Per capita income is a soul indicator of economic development.
☆This criteria is used by world bank.
Hope it is satisfactory :-)
___________________________________☆
Here is your answer !!
___________________________________☆
☆Per capita income ☆:-
☆Per capita income is defined as when total national income is divided by Total population.
☆Per capita income is also known as Average income.
☆Per capita income is very important for the development of any country.
☆Per capita income is a soul indicator of economic development.
☆This criteria is used by world bank.
Hope it is satisfactory :-)
___________________________________☆
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