What is the main criterio used by world bank in classification differernt countries?
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The criterion used is per capita income.
Limitations
(a) It covers only the economic aspect ignoring factors like infant mortality rate, literacy rate, no attendance ratio for class I-V, etc which are important indicators for development.
(b) This method also does not provide us the distribution different levels of income.
Limitations
(a) It covers only the economic aspect ignoring factors like infant mortality rate, literacy rate, no attendance ratio for class I-V, etc which are important indicators for development.
(b) This method also does not provide us the distribution different levels of income.
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