Economy, asked by mokshjaju, 1 year ago

why average income is not necessary for measuring development in the countary

Answers

Answered by ayushxlsx
1

Answer:

because it is the income of the country.not per people and a country is said developed because not of only income it surely develop if it has proper hospitals,schools, and the basics of life.

PLEASE MARKED AS BRAINLIEST

Answered by tavilefty666
1

Answer:

Average income isn't a good opinion to measure countries on the basis of development.

Why?

B'cause averages hide disparities.

You'll understand it better by an example.

Think of a country where 4 citizens live (it would be messy if I take more citizens!). They get monthly income as follows: 1000, 7000, 20000, 100000. So, the average income/per capita income of that country would be 3200. So, if we look only at the per capita income, we'll notice that on an average a person earns Rs. 3200. But actually, some people are very rich while some are very poor and looking at the average we can't find that a person gets only 1000 Rs. while a person gets 100000 Rs. (we see total injustice!).

So, in this way average income isn't the best option available, cuz it hides the faults in our society/community.

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