write difference between percapita income and annual income?? who will answer this question correctly I will mark them as brain list
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Per capita income (PCI) measures the average income earned per person in a given area (city, region, country, etc.) ... It is calculated by dividing the area's total income by its total population. Average income is any statistic that describes how much money an individual, family, or household makes
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Per capita income refers to the total income of the nation divided by its poulation . It refers to the income per person of a country. It shows the way of measuring countries based on income.
Annual income refers to the total value of goods and services produced in terms of peoples income in a year.
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