Limitations of Per Capita Income.

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Limitations:

1. Per capita income does not reflect the standard of living of the people. Per capita income is an average and this average may not represent the standard of living of the people, if the increased national income goes to the few rich instead of giving to the many poor. Thus unless national income is evenly distributed, per capita income cannot serve ________ ___ ______ ____________ _____ ____ __ _________.
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Degree : BACHELOR DEGREE PROGRAMMES
Course Name : BACHELOR OF ARTS
Course Code : BAG
Subject Name : Indian Economy – I
Subject Code : BECE 145
Year : 2022 2023