What is the main criteria used by the World Bank in classifying different countries? What are the limitations of this criterion, if any?
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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: → 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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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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