what is the main criterion used by the world bank in classifying different countries? what are the limitation of this criterion?
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The average income, i.e., per capita income is the main criterion used by the World Bank in classifying different countries. (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.
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Hi,Telugu?...
☆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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