what is the main criterion used by the world bank in classifying different countries
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Answered by
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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.
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.
Answered by
0
Per Capita Income is the main criterion used by the World Bank in classifying different countries.
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