What is the main criterion used by the world bank in classifying different countries what are limitations of this criterion if any
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income
World Bank Classifies different countries based on the income.
Limitations
* If the population more then the country would earn more.
Eg: India has more population than Japan, But Japan is more developed then India though the population is less.
*It does not show the distribution of money.
*It does not show the literacy rates, infantmorality rates ,BMI etc...
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