What is the limitation of the criterion used by the World Bank in classifying different countries?
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PCI ignores equitable distribution, qualitative aspects
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Per Capita Income is the main criterion used by the World Bank in classifying different countries. The limitation of this criterion are:
Per Capita Income is the main criterion used by the World Bank in classifying different countries. The limitation of this criterion are:→ It doesn’t show the distribution of income.
Per Capita Income is the main criterion used by the World Bank in classifying different countries. The limitation of this criterion are:→ It doesn’t show the distribution of income.→ It also ignores other factors such as infant mortality rate, literacy level, healthcare, etc.
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