Question

what is the main Criterion used by the World Bank in classifying different countries what are the limitation of this Criterion if any​

Answer 1

Answer:

Explanation:

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 distribution of income. → It also ignores other factors such as infant mortality rate, literacy level, healthcare, etc.

Answer 2

Explanation:

Per Capita income of the country is the main criterion used by the World Bank in classifying different countries.

The two main limitations of this criterion are –

a. It takes into the account only the economic aspects and ignores some crucial factors such as – literacy rate, infant mortality rate, etc. which are among the most important indicators of the development.

b. This method is unable to provide the distribution of different levels of income.