Why is per capita income considered as an important criterion for development?
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Per capita income is very to count an average income or earning of a citizen. It gives an idea about the growth and development of the country.
Per capita income is the income when a country's total gross domestic product is divided by the population of that country's mid-term (July 1) year. It gives us monetary information about the average income received by residents of that country. This implies that if the amount of money generated in that country is divided, then how much will it reach to everyone.
It is also used to estimate the level of life of different geographical areas, cities, or states etc. within a country
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