What is per capita income? What are the advantages and disadvantages of using it as method of comparison?
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Answer:
Per capita income is an average income of the country or state per person.
Explanation:
Advantage
Govt.easily find out people of which region or state of the country are facing poverty. This helps in policy formation.
Disadvantage
This method does not tells us about the exact income of the person. This is a generalised idea of income.
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