Economy, asked by Rudra5056x, 1 year ago

Why do we use averages? Are there any limitations to their use? Illustrate with your own examples related to development.

Answers

Answered by chenu1011
142
We use averages because they are useful for comparing differing quantities of the same category. For example, to compute the per capita income of a country, averages have to be used because there are differences in the incomes of diverse people.
there are limitations to the use of averages. Even though they are useful for comparison, they may also hide disparities. For example, the infant mortality rate of a country does not differentiate between the male and female infants born in that country. Such an average tells us nothing about whether the number of children dying before the age of one are mostly boys or girls.
Answered by rajritikadisha
114

We use averages for better understanding and to do comparison between countries.

Limitations

The total income is not a much usefull factor because countries have different population criteria. So countries have different total income and the per capita income

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