why average income is taken into consideration instead of total income while making comparison between countries
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Answered by
4
A way to find out the difference between the countries is average income or per capita income
It is the advantages and limitations of average income that is -
It is easy to calculate .
Used worldwide by the World bank.
easily understood by nations.
Limitations -
It removes barriers from other aspects such as
health status , educational qualification ,
Standard of living etc .
Hope this helps
Thanks
It is the advantages and limitations of average income that is -
It is easy to calculate .
Used worldwide by the World bank.
easily understood by nations.
Limitations -
It removes barriers from other aspects such as
health status , educational qualification ,
Standard of living etc .
Hope this helps
Thanks
JatinRonaldo1234:
why dont u come inbox mean
Answered by
1
HI
⭐️ Average income is taken into consideration while making comparisons between countries.
▶️As different countries have different populations, comparing total income does not tell us what an average person is likely to earn.
▶️Hence, total income is not a useful measure for comparing the development of different countries.
Hope it proved to be beneficial....
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