Question

What is the main criterion used by the world bank in classifying different countries? What sre the limitations of this criterion, if any? Class 10 Economics. Don't copy from Internet or elsewhere.

Answer 1

Hi dear here is your answer

● The main criteria used by the world bank is Income only it ignore other facilities like literacy rate, Infant mortality rate , Health etc .

● Limitation of measuring development only by inconme are as follows -

● It does not show income is distributed to per person.

And it ignores all Human Development Index facilities.

hope it helps ☺

Thanks

#skystar