what is the main criterion used by the world bank in classifying different countries
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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.
(b) This method also does not provide us the distribution different levels of income.
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Per Capita Income is the main criterion used by the World Bank in classifying different countries.
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