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What are the advantages and disadvantages of average income

Posted by Basant Pandey 6 years, 8 months ago

CBSE > Class 10 > Social Science

2 answers

Basant Pandey 6 years, 7 months ago

Thanku

0Thank You

Yogita Ingle 6 years, 7 months ago

Per capita income or average income
It is measures the average income earned per person in given area (city, region, country, etc) in a specific year. it is calculated by dividing the area's total income by its total population.
Disadvantages of average income
1). average income doesn't describes conditions of country's people really.
2).It doesn't all the conditions which are to be fulfilled being a developed country.
3).Per capita income decreases the role of rich and poor because it show all the people equal.

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CBSE > Class 10 > Social Science