Besides size of per capita income , what other property of income is important in comparing two or more societies?
Besides the per capita income or the average income of a country, the following are other criterion for the cateogorisation of a country into one that is developed and one that is not:
(Exapnd)
1.Gross Domestic Produce(GDP)
2. The distribtution of income among the citizens of that particular country
3. Infant mortatilty rate(IMR)
4. Net attendance Ratio
5. The health of the citizens.
All though most are not rwholly related to income, you might want to include the same in your points.
Hope this helps..
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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.
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