Besides size of per capita income, what other property of income is im

1.	Besides size of per capita income, what other property of income is important in comparing two or more societies?
Answer» Average income, i.e., per capita income is important but not the only criterion for development. Along with average income, equitable distribution of income in a country should also be considered. If the national income is widely distributed among the people, It shows a better distribution of income. High per capita income combined with a better distribution of income is a good index of economic welfare.

Besides size of per capita income, what other property of income is important in comparing two or more societies?

Answer»

Average income, i.e., per capita income is important but not the only criterion for development. Along with average income, equitable distribution of income in a country should also be considered.

If the national income is widely distributed among the people, It shows a better distribution of income. High per capita income combined with a better distribution of income is a good index of economic welfare.

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Besides size of per capita income, what other property of income is important in comparing two or more societies?

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