Why per capita income is not considered as a pure indicator of
economic development?
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Explanation:
Per capita income is not considered as a pure indicator of development because
1 It only includes financial condition of a country
2 Factors like Health, education, mortality rate are also important for indication of development
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❤ᴘᴇʀ ᴄᴀᴘɪᴛᴀ ɪɴᴄᴏᴍᴇ ɪs ɴᴏᴛ ᴀɴ ᴀᴅᴇǫᴜᴀᴛᴇ ɪɴᴅɪᴄᴀᴛᴏʀ ᴏғ ᴇᴄᴏɴᴏᴍɪᴄ ᴅᴇᴠᴇʟᴏᴘᴍᴇɴᴛ ғᴏʀ ᴛʜᴇ ғᴏʟʟᴏᴡɪɴɢ ʀᴇᴀsᴏɴs : ɪᴛ ɪs ᴀɴ ᴀᴠᴇʀᴀɢᴇ ᴀᴍᴏᴜɴᴛ ᴏғ ᴛʜᴇ ᴛᴏᴛᴀʟ ɪɴᴄᴏᴍᴇ ᴡʜɪᴄʜ ᴍᴇᴀɴs ɪᴛ ᴄᴀɴ'ᴛ sʜᴏᴡ ᴛʜᴇ ᴀᴄᴛᴜᴀʟ ɪɴᴄᴏᴍᴇ sᴛᴀᴛᴜs ᴏғ ᴀ ᴄᴏᴜɴᴛʀʏ.ɪᴛ ɴᴇᴇᴅs ᴏᴛʜᴇʀ ᴄʀɪᴛᴇʀɪᴏɴ ᴛᴏ ᴊᴜᴅɢᴇ ᴛʜᴇ ᴇᴄᴏɴᴏᴍɪᴄ ᴅᴇᴠᴇʟᴏᴘᴍᴇɴᴛ ʟɪᴋᴇ ʟɪᴛᴇʀᴀᴄʏ ʀᴀᴛᴇ .
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