why do you think average income is an important Criterion for development explain
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280
heya it's Aastha......
Average income is better than other for measure of development because it show the per person income means per capita income nd the total income show the income of a nation . Per capita income is important for a nation than total income.
I hope it help you
Average income is better than other for measure of development because it show the per person income means per capita income nd the total income show the income of a nation . Per capita income is important for a nation than total income.
I hope it help you
Aasthakatheriya1:
no problem
Answered by
147
Yes, average income is considered as an important criterion for development. If the average income is sufficient for the requirements, basic requirements and other facilities are considered to be developed in this country. More income means more of all the things that people need. They will be able to get with higher income whatever people like and ought to have.
It is an important criterion because it tells us what an average person is likely to earn, and it also gives some insight into the rising living standards but also gives an idea of the number of people sharing it. The average income will be lower if the number of people are more who won’t work.
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