why do you think average income is an important criterion for development? explain.
Answers
Answer:
It is an important criterion because it tells us what an average person is likely to earn and also gives some idea about the rising standard of living. Prosperity of a country depends not only on its national income but also on the number of people who would share it
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Answer:
Average income is an important criterion for development. As we know that money is basic and most vital factor for any country as it allows its citizens to fulfill their requirements.
If the average income of a country is on a higher side, then chances of development will be better, if the average income of a country is on Lowe side then chance of the development will be less possible.
Hence, average income is an important criterion for development.
Explanation:
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