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Limitation of avg. Income |
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Answer» Limitation of average income is that it does not tell how this income is distributed among people. \tIt does not indicate the disparities in the distribution of income. E.g. the wide gap between the incomes of extremely rich and very poor people.\tIt does not indicate long-term sustainability as non-renewable resources are liable to be exhausted.\tThe method of calculating per capita income also varies among countries. This, it is not highly reliable for comparisons. the basic limitations are that they are not able to overspend on excessive things that are not meant for them. |
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