Economy, asked by surweshkr, 1 year ago

What is the main criterion used by the WB in classifying diff..countries? And its limitations?

Answers

Answered by surveshkr2
3
Per capita income is the main criterion used by the world bank is classified diff...countries.

The limitations of this criterion are... :—

i) It doesn't show distribution of income.
ii) It also igneous other factors such as infant mortality rates, literary level, heath care, education facilities.. etc.

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Answered by DiyanaN
2
Heya!!!!

WHAT IS THE MAIN CRITERION USED BY THE WORLD BANK IN CLASSIFYING DIFFERENT COUNTRIES?WHAT ARE THE LIMITATIONS OF THIS CRITERION ?

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HERE YOUR ANSWER IS》》

Per capita income is the main criterion used by the world bank in classifying different countries.

The limitation of this criterion lies in the fact that it doesnt give any idea regarding how income is didtributed among people

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