What is the main criterion used by world bank classifying differnt countries?What are limitations of criterion ? What respect is the criterion of undp for measuring development fromthe one used by govt. 0?
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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.
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