Question

why per capita income is not an adequate indicator for measuring economic development? what do you think are other important developmental goals than income​

Answer 1

Explanation:

because per capita income doesn't provide us sufficient information about economic conditions for this other developmental goals are required such as

1) health

2) respect and security

3) education

4) freedom

Bhai.............

hope it is helpful...........

Answer 2

Answer:

Explanation:

• Per capita income is not a good indication of a country’s development is that it does not account for improving the longevity of human life nor the quality of the environment such as pollution, environmental degradation, health, education, etc., particularly in underdeveloped countries.

• The composition of per capita income:welfare will depend on the composition of goods and services produced in the country. where there is much production of of capital goods or fire arms.there will be scarcity of consumer goods leading to low standard of living when undesirable goods are produced .the per capita income will be high but standard will be low.