“Per capita” is a Latin term that translates to “per person” or “per head.” It’s commonly used to express averages or rates for each individual within a specific group or population. For instance, when we discuss “per capita income,” we’re referring to the average income earned by each person in a particular area or country.
In mathematical terms, “per capita” can be represented as:
Per Capita = (Total Quantity) / (Total Population)
Per Capita= (Total Quantity)/(Total Population)Where:
- “Total Quantity” represents the overall amount of something (e.g., income, consumption, resources).
- “Total Population” refers to the number of individuals in the group.
By calculating this ratio, we gain insights into how resources or quantities are distributed on an individual basis. It’s a valuable metric for understanding disparities and making informed decisions in various fields, such as economics, public policy, and social studies.