Economy, asked by vikashrana5211, 1 month ago

Why is average income regarded and important criteria for development.

tell me the answer with understandable way with to understand for class 10​

Answers

Answered by tpalak105
7

Explanation:

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 . prosperity of a country depends not only on its national income but also on the number of people who would share it. In case the number of people is large, the average income will be less. This is the case in India.

Hope it helps you

Similar questions