Question

What is per capita income? How is it called?

Answer 1

Per capita income means the amount that can be spent on each member of a family. like, if there is a family of 4 people consisting of 2 child's and Mother and father and the income of father is ₹20,000 so the per capita income will be ₹4,000 each person!

Hope it helped you!✌️

Answer 2

Per capita income or average income of a country .it is obtained by dividing the national income of the country by its population....