Economy, asked by rudrapsb4114, 9 months ago

Why do we use average ?are there any limitation to their use? Illustrate with your own example related to development

Answers

Answered by angelsequeira
5

Answer:

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.

Answered by Anonymous
6

1 ᴡᴇ ᴜsᴇ ᴀᴠᴇʀᴀɢᴇs ғᴏʀ ᴄᴏᴍᴘᴀʀɪsɪᴏɴ ʙᴇᴛᴡᴇᴇɴ ᴛʜᴇ ᴛᴡᴏ ᴄᴏᴜɴᴛʀɪᴇs, ᴘᴇʀsᴏɴs,ᴏʀ ᴛᴡᴏ ᴏʀ ᴍᴏʀᴇ ᴛʜɪɴɢs.

2 (ᴀ) ᴀᴠᴇʀᴀɢᴇ ᴅᴏ ɴᴏᴛ ᴛᴇʟʟ ᴜs ᴀʙᴏᴜᴛ ʟɪᴍᴇᴛᴀᴛɪᴏɴs ᴏʀ ᴅɪғғᴇʀᴇɴᴄᴇs ʙᴇᴛᴡᴇᴇɴ ᴛʜᴇ ᴄᴏᴜɴᴛʀɪᴇs, ᴘᴇʀsᴏɴs ᴏʀ ᴛʜɪɴɢs.

(ʙ)ʙʏ ᴀᴠᴇʀᴀɢᴇ ᴏɴʟʏ ᴏɴᴇ ᴀsᴘᴇᴄᴛ ɪɴᴄᴏᴍᴇ sɪᴢᴇ , ɪɴ ᴄᴀsᴇ ᴏғ ᴀ ᴄᴏᴜɴᴛʀʏᴄᴀɴ ʙᴇ ᴄᴏᴍᴘᴀʀᴇᴅ . ᴀʟʟ ᴀsᴘᴇᴄᴛs ᴀʀᴇ ɴᴏᴛ ᴄᴏᴍᴘᴀʀᴇᴅ.

(ᴄ) ɪᴛ ᴅᴏᴇs ɴᴏᴛ ɢɪᴠᴇ ᴜs ᴛʀᴜᴇ ɪᴍᴀɢᴇᴏғ ᴀ ᴄᴏᴜɴᴛʀʏ , ᴘᴇʀsᴏɴ ,ᴏʀ ᴛʜɪɴɢ.

3 ᴇɢ -ɪɴ ᴀ ᴄʟᴀss, sᴛᴜᴅᴇɴᴛs ᴅɪғғᴇʀ ɪɴ ʜᴇɪɢʜᴛ , ʜᴇᴀʟᴛʜ ᴀɴᴅ ᴛᴀʟᴇɴᴛ. ᴛʜᴇ ʜᴇᴀʟᴛʜɪᴇsᴛ ᴏɴᴇ ᴍᴀʏ ɴᴏᴛ ʙᴇ ᴛʜᴇ sᴛᴜᴅɪᴏᴜs ᴏɴᴇ

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