WHAT IS AN AVERAGE INCOME?WHY DO WE USE AVERAGE INCOME.GIVE ITS MERITS – InterviewSolution

1.	WHAT IS AN AVERAGE INCOME?WHY DO WE USE AVERAGE INCOME.GIVE ITS MERITS AND LIMITATIONS CLASS-10 ECONOMICS CHAPTER:-DEVELOPMENT
Answer» INCOME per capita income is the RATIO of total NATIONAL income of a country with RESPECT to total population.The limitations of per capita income are as followsit is only the average income of the country it hides the disparitiesit doesn't tell US how the income is distributed among the people

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