PER CAPITA INCOME Definition

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PER CAPITA INCOME is the mean income computed for every man, woman, and child in a particular group. It is derived by dividing the total income of a particular group by the total population in that group.

Learn new Accounting Terms

DURATION DRIVERS represent the amount of time required to perform an activity.

COST ELEMENT, in cost accounting, is the lowest level component of a resource activity, or cost object.

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