Per Capita
A Latin term that translates into "by head," basically meaning "average per person." Investopedia Says:
Often the term is used to express a country or region's income level. For example, consider a fictional region that has a collective income of $1 000 000 and 20 residents. The per capita income, or average income per person, is $50 000. Related Terms:
Economics
Income
Mean
Standard Deviation |