what is the main Criterion used by the World Bank in classifying different countries what are the limitation of this criterion if any
Answers
Answered by
3
the World Bank uses the Criterion of per capita to classify different.
the limitation of this Criterion is that it does not take account of other development indicators AGS health education level of the people and it does not take account of how the income is distributed among the people
the limitation of this Criterion is that it does not take account of other development indicators AGS health education level of the people and it does not take account of how the income is distributed among the people
Answered by
0
The main Criterion used by the World Bank in classifying the Countries are :
1. Per Capita Income : when the total national income of a country is divided by its total population then we get the per capita income.
2. Life Expectancy : the average period that a person may expect to live is called life expectancy.
3. Gross Enrollment Ratio : the government ratio of the three levels of education : Primary Secondary and Higher Education level beyond secondary.
Limitations are :
There are limitations of this criterion. Although the country maybe reach there may not be equal distribution of income. A small number of people may be extremely rich and the masses maybe poor. Hence, while average income is useful for comparison it does not tell us how this income is distributed among people.
Average income does not give us the information about the development of a country in the criteria of Healthcare facilities, Educational institutions, etc.
If you find my answer helpful please mark it as a brainliest.
1. Per Capita Income : when the total national income of a country is divided by its total population then we get the per capita income.
2. Life Expectancy : the average period that a person may expect to live is called life expectancy.
3. Gross Enrollment Ratio : the government ratio of the three levels of education : Primary Secondary and Higher Education level beyond secondary.
Limitations are :
There are limitations of this criterion. Although the country maybe reach there may not be equal distribution of income. A small number of people may be extremely rich and the masses maybe poor. Hence, while average income is useful for comparison it does not tell us how this income is distributed among people.
Average income does not give us the information about the development of a country in the criteria of Healthcare facilities, Educational institutions, etc.
If you find my answer helpful please mark it as a brainliest.
Similar questions