Question

Why is per capital income always considered as an important parameter of measuring development?

Answer 1

Thanks for asking the question.
The per capita income is the average income earned by a single person in one year. It is the measure of the development and economic progress of a country. It tells about the average financial status of people in a country. It can be then observed if the country is going towards further economic development or is falling towards poverty.
Hope it helps.

Answer 2

Answer:

per capita income is the income which is consumed by every citizen of the country. ... as the amount of pler capilta income increases ,l the economic growth of the country increases.