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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Answered by
1
hey friend,
the main criterian used by the world bank in classifying different countries is "per capital income" (pci). it is the average income of a citizen of a country.
limitation
let us suppose there are two different countries which have same PCI. but it do not mean that bot the coumtries have same medical facilities, same transport system and also same difference between the numbers of rich and poor people in country.
thus it cannot completely classify differences between two countries.
the main criterian used by the world bank in classifying different countries is "per capital income" (pci). it is the average income of a citizen of a country.
limitation
let us suppose there are two different countries which have same PCI. but it do not mean that bot the coumtries have same medical facilities, same transport system and also same difference between the numbers of rich and poor people in country.
thus it cannot completely classify differences between two countries.
Answered by
4
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. Two countries with the same per capita income might be very different with regard to income distribution. One might have equitable distribution of income while the other might have great disparities between the rich and the poor.
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