Question

What is per capita income ? Mention any two limitations of pci sa indicator of development?

Answer 1

Per capita income is the income of a person per year
Per capita income is a very important factor for the development of nation but it had some limitations like the per capita income of a country does not tell us about the distribution of income among citizens in the particular country it can be that if the per capita income of the country is more so the income is occupied by some ultrarich people and there are many poor people in the country

On the other hand it can also be that the wealth in a country is equally distributed among the citizens