Why per capita income is used as the main criterion for comparing development level of diff countries
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Because it is the true measure of development as it is the income of an individual.
Hope it's correct...
Hope it's correct...
nimbarkvimal1234:
because average income is a better parameter then total income
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per capita income gives a better comparison. It is calculated by dividing total income of country (GDP) by its total population. It is also called average income.
Therefore per capita income is used as the main criterion for comparing development level of different countries.
Therefore per capita income is used as the main criterion for comparing development level of different countries.
I didn't understand any thing..
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