Economy, asked by apurvA1437, 1 year ago

What is the main criterion used by the world bank in classifying differentcountries ? What are the limitations of this criterion, if any

Answers

Answered by Hemanthias
5

Answer:

the main criterion used is per capita income

Explanation:

it is one of the best indicator

Answered by SugaryGenius
9

HEYA MATE HERE U GO.

. The main criterion used by the world Bank in classifying different countries is the per capita income or aveage income of a person in a country.

LIMITATIONS OF THIS CRITERION

  • It does not tell us about how this average income is disturbed among people in the individual countries.
  • Two countries with the same per capita income might be very different with regard to income distribution.One might have equitable distribution of income while the other might have great disparities between rich and poor.

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