Relationship Between National Income And Economic Welfare | Measurement Of National Income (Part -2)

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Mam please relationship btw per capita national income and economic welfare ki bhi ek video daal dijiye plzzzz

[@sangeetadurgia3082]

Per capita income means the income of per person in the economy. It is calculated with the help of national income. When per capita income increase, our economic welfare also increase. Economic welfare depends upon per capita consumption. As our PCI increase our economic welfare also increase. But per capita expenditure is the best indicator for economic welfare than per capita income.

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