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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The main criterion used by the World Bank in classifying different countries is the per capita income or average income of a person in a country. Limitations of this criterion: It does not tell us about how this average income is distributed among the people in the individual countries.
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Answered by
1
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 the distribution of income.
→ It also ignores other factors such as infant mortality rate, literacy level, healthcare, etc.
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