what is the main criterion used by the world bank in classifying different countries ? What are the limitations of this criterion , if any ?
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Answer Per Capita Income is the main criterion used by the World Bank in classifying different countries. The limitation of this criterion are: • It doesn't show distribution of income. It also ignores other factors such as infant mortality rate, literacy level, healthcare, etc.
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Per Capita Income is the main criterion used by the World Bank in classifying different countries. The limitation of this criterion are: • It doesn't show distribution of income. It also ignores other factors such as infant mortality rate, literacy level, healthcare, etc.
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