what is the advantage of per capita income ???
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Per Capita Income helps to compare and analyse wealth of different population and different regions. It is used as a measure of a nation's standard of living and to ascertain its development
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advantage of per capita income
- income is also important Criterion for comparing the countries because it helps in fulfilling the greater demands of the people
- higher income countries are more developed than the lower income countries
- Per capita income used by UNDP
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