Economy, asked by Rushsbh, 1 year ago

why is per capita income not regarded as the sole indicator of economic development of a country? Justify

Answers

Answered by Anonymous
1
Because beside it so many factors are also such as
✡️freedom
✡️equility
✡️equal treatment
✡️literacy rate


.....Thaanks
...Jai bajarang bali
Answered by Success2020
1
Hi dude !!!

Per capita income won't show the income of per person correctly. It's just average of the income . If there is a rich man and 2 poor man ... while taking average , Rich man's income will be included in other 2 Poor's , which may show country is developed. So it is not suitable to find a country is developed.
We have other factors like Literacy rate , infant mortality rate , HDI etc.

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