While Averages are useful for comparison of different countries, they also hide dispariti
Explain through an example
Answers
yes average are helpful for comparison of different countries in terms of income but they had the disparities for example if a country is called developed on the basis of the average but the ratio of poor and rich are not well maintained. the income is not distributed among the people. in such countries a country may have too much of wealth but the wealth of a individual is always not well as the most of the wealth is hold by some of the people
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Answer:
Yes, I agree with this statement
Explanation:
Calculating av. means calculating the per capita income of the country. per capita income gives us the Idea of how big our country's economy is. Also, it is one of the basic principles of the 5 year plan. It is one of the basic criterion used by countries to compare themselves with one another. But, calculating the average won't tell us how the wealth is being shared in the country. Some sections in the country might be very rich and others might be very poor yet it may be that it results in the highest per capita income and is a developed country. Also, others criterions such as life expectancy, infant mortality rate, literacy rate are also ignored though they are also important for determining the development in the country....
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