What is the advantage of per capita income ? Mention any one.
CBSE Class X Social Science VSA (1 Mark)
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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.
Per Capita Income is a measure of the average income a person earns, in a given region, during a specific period, normally a year. It is generally calculated by dividing the national income by the population.
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it helps to compare the development of country as per capita income tell us wether the people of one country is better off than in a different country
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