per capita income
Per capita income refers to the average amount of money earned per person in a specific area or population. It is calculated by dividing the total income of a region by its population, providing a measure of individual economic prosperity.
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Related Concepts (1)
Similar Concepts
- consumer purchasing power
- economic equality
- economic inequality
- income disparity
- income distribution
- income equality
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- national income and consumption
- national income per worker
- national income statistics
- personal income taxes
- population pyramid
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