what is the shortcoming in taking income as the only criterion for development
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Average income represents the total income of a country keeping in view of the total population.
If the average income is adequate to meet, the basic requirementand other facilities that country is considered developed.
More income means more of all things that human beings need. What ever people like and should have, they will be able to get with greater income.
Average income represents the total income of a country keeping in view of the total population.If the average income is adequate to meet, the basic requirement and other facilities that country is considered developed.More income means more of all things that human beings need. What ever people like and should have, they will be able to get with greater income.
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