what is the main criterion used by the world bank in classying different countries?what are the limitations of this criterion,if any?
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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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Explanation:
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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