Economy, asked by ishantverma0015, 5 hours ago

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

Answers

Answered by ganeshprasadv5
0

Answer:

We use averages as they are useful for comparing differing quantities of the same category. This does not show the distribution of things between people. There are limitations of calculating averages because this does not give any information about the distribution of a thing between people

However, there are limitations to the use of averages. This does not show the distribution of thing between people. For an example, if a country has very high per capita income then we can't say that citizen living in that country is very rich because we are not knowing about the distribution of wealth in that country.

Illustrate with your own examples related to development. Answer: We use averages as they are useful for comparing differing quantities of the same category.  There are limitations of calculating averages because this does not give any information about the distribution of a thing between people

Hope you find it helpful dear

Similar questions