InterviewSolution
Saved Bookmarks
| 1. |
What are limitations of per capita income criteria of development? |
|
Answer» Answer: Limitations of per capita income are : (i) A rise in per capita income is due to rise in prices and not due to increase in physical output, it is not a RELIABLE index of economic development. (II) National income RISES but its distribution makes the rich richer and the POOR POORER. |
|