Question

what is the main criterion used by world bank in classification different countries what is the limitation​

Answer 1

Answer:

Explanation:

Per Capital 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.

World bank classifies different countries based on their per capita income into 2 groups rich and poor.

Rich countries - Rs 453000 per annul

Poor countries - Rs 37000 per annul

The world bank has taken only one criterion to classify countries. This is quite inadequate to asses the real development achieved by a country . It should have added other factors such as health ,educational status etc.