Why is per capita income considered as important criteria for development
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Explanation:
per capita income is one of the best ways to know about the economic development of a country .
national income tells about the total income of a country but through per capita income average income of each individual can be known.
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Per Capita Income is considered an important criteria for development because
▶It facilitates comparision between different countries.
▶It shows higher level of development.
▶An increase in average income shows more availability of goods and services.
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