Question

why do we average, are there any limitation of their use, explain with example​

Answer 1

Averages have many limitations. (a) They don't give us the true picture regarding the distribution of income. (b) Averages don't give us any information regarding the non-materialistic goods and services. While averages are useful for comparison, they also hide disparities.

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Answer 2

Averages have many limitations. (a) They don't give us the true picture regarding the distribution of income. (b) Averages don't give usany information regarding the non-materialistic goods and services. While averages are useful for comparison, they also hide disparities.