Economy, asked by kaurjaskirat755, 2 months ago

اwhy do u think average income is an important criterion for development​

Answers

Answered by keerthyreddy7788
23

Explanation:

Average income gives us an idea what an average person is likely to get out of the total national income. (ii) Average income is used to classify the countries into rich, poor or developing nations. (iii) Average income is used to make economic policies

Answered by singhkaur1007
1

Answer:

Yes

Explanation:

It is an important criterion because it tells us what an average person is likely to earn and also gives some idea about the rising standard of living. Prosperity of a country depends not only on its national income but also on the number of people who would share it.

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