Why is per capita income important to compare countries?
Answers
Answered by
1
Answer:
Explanation:
Per capita Income , determines the Combined Income of all individual divided by total population ,Its further divided into region to region. State to state ratio is also considered. Area with High Per capita incomes are supposed to give better livelihood & job Opportunists . But mostly in developed nation Income Gap Between Rich & Middle/ poor class is considerably less. While in developing Countries its far high & Wealth is accumulated with high class only. The Difference between rich & middle/poor class actually defines quality of living in country..
Similar questions