What is pci?why pci is not the best indicator to measure actual development.​

The PCI Standard is mandated by the card brands but administered by the Payment Card Industry Security Standards Council.

The Payment Card Industry (PCI) Data Security Standard is an information security standard for organizations that handle branded credit cards from the major card schemes. The PCI Standard is mandated by the card brands but administered by the Payment Card Industry Security Standards Council.

Broadly speaking per capita income refers to the real national income divided by the total population of the country.

Per Capita Income=real national income/total population

If the rate of population surpasses the rate of national income growth, then per capita national income will fall. Similarly if both national product and population grow at the same rate, per capita national product will remain constant. This is not economic development.

Explanation:

1. Per capita income does not reflect the standard of living of the people. Per capita income is an average and this average may not represent the standard of living of the people, if the increased national income goes to the few rich instead of giving to the many poor. Thus unless national income is evenly distributed, per capita income cannot serve as a satisfactory indicator of development.

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2. If per capita income is the measurement, the population problem may becancealed, since population has already been divided out. The field of enquiry is then unduly narrowed. As Kuznets warns, the choice of per capita, per unit or any similar measure to gauge the rate of economic development carries with it the danger of neglecting the denominator of the ratio.

3. An increase in per capita income may not raise the real standard of living of people. It is possible that while per capita real income is increasing per capita consumption of goods and services might be falling. This happens when the Govt. might itself be using up the increased income for massive military build up necessitating heavy production of arms and ammunitions.

4. Although an increase in output per head is in itself a significant achievement, yet we cannot equate this with an increase in economic welfare. Let alone social welfare without additional considerations. Since development is multidimensional education, health, work-leisure ratio etc. are important considerations which do not get reflected in per capita income.

answer; i believe the correct answer is enlightenment;