Question

Important points in income and other criteria

Answer 1

Income refers to the money we earn to buy and sell something. Per capita income is the basic criterion used by world bank to classify differnt countries. Per capita income refers to the average income of all the people whether rich or poor in a country. To calculate this we simply divide the income of all citizens to the total population of the country.

Answer 2

Hey user !!

Here is your answer !!
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☆Income is very important criteria used by World Bank to classify different countries.

☆It is the criteria which is used for development.

Other criteria

1)Literacy rate

2)Infant mortality rate

Hope it is satisfactory :-)
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