Besides size of per capita income, what other property of income is important in comparing two or more societies?


Average income, i.e., percapita incomeisan important but notthe only criterion for development. Along with average income, equitable distribution of income (i.e., people are neither very rich nor extremely poor) in a country should also be considered. If the national income is widely distributed among the people, It shows a better distribution of income. High per capita income combined with a better distribution of income is a good index of economic welfare.