What is per capita income? Mention any two limitation of per capita income as indicator of development?
Answers
per capita income is
total income of the country / total number of people
isse tum average income country kehe sakthe ho
iske do limitations
1. it hides despairities ( matalab ye nation ki income ke distribution ko chuupata he jaise man lo ek country he jo sirf 100 rupee kamatee he aur is country me sirf do loog hee . per capita income me hume yeh nahi pataa ki inme se kon ₹10 kama raha aur kon ₹90 kama
raha he , etc )
2. per capita income is not only the indicator of development there are other indicators such as health , literacy rate etc which have equal importance
Answer:
The total income of a country divided by its total population gives the Per Capita Income.
Money cannot buy all the goods and services that are needed to live well. So income by itself is not a completely adequate indicator of material goods and services that citizens are able to use. For example, money can not buy a pollution-free environment or ensure that one gets unadulterated medicines, unless one can afford to shift to a community that already has all these things.
Explanation: