Economy, asked by tirthpatelpt9990, 8 months ago

Why per capita income is not considered as a pure indicator of
economic development? ​

Answers

Answered by dakshjain461
2

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

Answered by ItzRisingStar
2

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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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