Economy, asked by vanshsharma136pama6a, 1 year ago

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

Answers

Answered by archana2025
4

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. ... Average income, i.e., per capita income is important but not the only criterion for development.

Answered by Anonymous
15

ANS=Average income represents the total income of a country keeping in view of the total population.

If the average income is adequate to meet, the basic requirementand other facilities that country is considered developed.

More income means more of all things that human beings need. What ever people like and should have, they will be able to get with greater income.

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