Why do you think average income is an important Criterion for development?
Answers
Answer:
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.
Explanation:
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.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 lower side then chances of the development will be less possible.