Question

■ What is the use of comparing the average income of the countries?


● To classify the development of the countries.

● To classify the employment status of the countries.

● To classify the sustainability of development.

● To classify countries a rich, middle and low income countries.

~Please don't spam​

Answer 1

Answer: 1] We use averages because they are useful for comparing differing quantities of the same category. For example, to compute the per capita income of a country, averages have to be used because there are differences in the incomes of diverse people.

2] A developing country is a sovereign state with a less developed industrial base and a low Human Development Index (HDI) relative to other countries.[3] However, this definition is not universally agreed upon. There is also no clear agreement on which countries fit this category.[4][5] The term low and middle-income country (LMIC) is often used interchangeably but refers only to the economy of the countries. The World Bank classifies the world's economies into four groups, based on Gross National Income per capita: high, upper-middle, lower-middle, and low income countries. Least developed countries, landlocked developing countries and small island developing states are all sub-groupings of developing countries. Countries on the other end of the spectrum are usually referred to as high-income countries or developed countries.

4] Sustainable development is an organizing principle for meeting human development goals while simultaneously sustaining the ability of natural systems to provide the natural resources and ecosystem services on which the economy and society depend. The desired result is a state of society where living conditions and resources are used to continue to meet human needs without undermining the integrity and stability of the natural system. Sustainable development can be defined as development that meets the needs of the present without compromising the ability of future generations to meet their own needs.

Answer 2

● To classify the sustainability of development.

____________________________________

⭐Since, countries have different population, comparing total income will not tell us what an average people is likely to earn. Hence we compare the average income which is the total income of the country divided by its total population. The average income is also called per capita income.

______________________________________

HOPE IT WILL HELP YOU

$\color{lime}\fbox \colorbox{black}{by : Evelin 75}$