why is a per capita income not regarded as the sole indicator of economic development of a country justify
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Answered by
32
It does not show how equitably a country’s income is distributed
It does do not account for improving the longevity of human life nor the quality of the environment, such as pollution, environmental degradation, health, education, etc.; particularly in underdeveloped countries
And finally, I feel that despite the fact that per capita income affects material welfare, it is wealth that determines economic welfare and not current income as such.
It does do not account for improving the longevity of human life nor the quality of the environment, such as pollution, environmental degradation, health, education, etc.; particularly in underdeveloped countries
And finally, I feel that despite the fact that per capita income affects material welfare, it is wealth that determines economic welfare and not current income as such.
anju98:
tq si much
not so soon dude
Answered by
15
it does not indicate the overall development in the country, for example,
Dubai's PCI is high but only 3 to 5 % own the major wealth.so it is not so developed. PCI does not indicate the current status of the country.
PCI also does not tell us about the health or life expectancy of the country.
Hence per capita income not regarded as the sole indicator of economic development of a country
Dubai's PCI is high but only 3 to 5 % own the major wealth.so it is not so developed. PCI does not indicate the current status of the country.
PCI also does not tell us about the health or life expectancy of the country.
Hence per capita income not regarded as the sole indicator of economic development of a country
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