Per Capita

Sure. Per capita is a term used in economics to describe a quantity or measure divided by the population. It is commonly used to describe things such as income, wealth, cost of living, and other variables per person.

It is calculated by taking the total quantity or measure and dividing it by the population. For example, a country’s per capita income is calculated by taking the total income of the country and dividing it by the total population.

The per capita concept is used to compare different groups of people or countries on a common basis. It is a useful tool for understanding the disparity in wealth, income, standard of living, and other indicators across various populations.