Economy, asked by maruf7964, 1 year ago

Why do you thinks average income is am important criterion for development? Explain

Answers

Answered by Anonymous
4
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 requirements and facilities that the country is considered developed.More income means more of all things that human beings need.
World Bank measures countries according to average income and tells whether the country is rich or poor.

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Answered by SugaryGenius
9

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.

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