what are the disadvantages of per capita income
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what are the disadvantages of per capita income
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Answer:
Demerits of Per Capita Income :- Following are the demerits of per capita income. 1) It does not indicate the disparities in the distribution of income e.g. it does not show the wide gap between the incomes of very rich and the very poor people. It is just a mean value so, it does not reflect the income distribution.
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Answer:
1) It does not indicate the disparities in the distribution of income e.g. it does not show the wide gap between the incomes of very rich and the very poor people. It is just a mean value so, it does not reflect the income distribution.