Economy, asked by SaafirBhimani, 11 months ago

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

Answers

Answered by sabrinanandini2
8

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Average income is the total income divided by population. It helps us to know the average income earned by a person.

Money is a important attribute as it helps us buy many basic things. Hence, if the average income is high, it indicates that many people can buy the basic things. Hence, average income is an important criterion for development


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Answered by SugaryGenius
31

HEYA MATE HERE U GO.

❤. Average income of a contry represents the total income of it keeping in view of tge total population.If the average income is adequate to meet the basic requirment and other facilities , that country is considered developed.

HOPE THIS WILL HELP U.

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