Question

why do you think average income is an important criterion for development explain

Answer 1

Average income is an important criterion for development because:
Average income tells us about the total income of the country divided by total population of the country.

Average income ,also known as per capita income ,tells us about the actual earning of an individual.

By knowing average income of the country,we can estimate the living standards and the savings that the individual could make .

Average income is a good criterion than Total income ,to know actual income of the country.

World Bank ,also uses per capita income to measure countries.

Answer 2

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