Economy, asked by vky9949, 19 days ago

why is capita income is important for development of a country?

Answers

Answered by rohitsingh9014
2

Explanation:

Per capita income is often used to measure a sector's average income and compare the wealth of different populations. Per capita income is also often used to measure a country's standard of living.

Answered by mrchoudhary53
0

hi friend ☺️

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.

Similar questions