Science, asked by manpreetkaur46860, 9 months ago

what is the difference between average income and HDI​

Answers

Answered by Nereida
11

Answer:

The average income of the per capita income is basically total income of the country upon total population of the country.

This can be used to imlpy whether a country is developed or not but it has some drawbacks because of which now Human development Index is used to know the development of a country.

The drawbacks of per capita income are:-

  • It hides the disparities of the country.
  • It does not show how the income is distributed among the country.
  • It does not show what is the lowest income and highest income difference.
  • It only tells about the average income of the country.

Hence, the concept of average income is now not considered valid for signifying the development of a country.

The Human development Index for the HDI helps helps in signifying a country is developed or non developed on the basis of four to five things.

The criterias include:-

  • Health
  • Education
  • Income
  • Public Facilities
  • Sustainable Development

These are the things which implies whether a country is developed, underdeveloped and developing.

Fact:-

  • The middle East countries are rich and developed by money status but are unsafe by terrorism hence they are not considered as developed countries.

  • India is a developing country.

The concepts I explained here, will help you know the difference between both the concept that is average income and Human development Index easily.

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