Economy, asked by sriya4265, 11 months ago

What is the main criteria used by world bank in classifying different countries.What are the limitations of this criteria?

Answers

Answered by prithvirajrajan
8

The main criteria used by World Bank in classifying countries is Per Capita Income

Limitations:-

It varies with population

It does not take non material factors such as Health and Education into consideration

It does not provide information about the individual earning of a person.

Hope this helps you!


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