Economy, asked by Anonymous, 7 months ago

what is the main criterion used by the world bank in classifying different countries? what are the limitation of this criterion? ​

Answers

Answered by nathinj827084
3

Answer:

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.

Answered by Anonymous
6

Hi,Telugu?...

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 <marquee> ☆The main criterion used by the World Bank in classifying different countries is the per capita income or average income of a person in a country. ... It does not tell us about how this average income is distributed among the people in the individual countries.

☆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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