What is the main criterion used by the World Bank in classifying different countries? What are
the limitations of this criterion?
Answers
Answer:
per capita income
Answer: 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.
Answer:
per capita income
per capita incomeAnswer: 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.
The criterion used is per capita income. Limitations (a) It covers only the economic aspect ignoring factors like infant mortality rate, literacy rate, no attendance ratio for class I-V, etc which are important indicators for development.