Answer :

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.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Related Videos
Resources and Development RevisionResources and Development RevisionResources and Development Revision28 mins
Magnetic Field of Circular ConductorMagnetic Field of Circular ConductorMagnetic Field of Circular Conductor41 mins
Electric MotorElectric MotorElectric Motor37 mins
Magnetic Effects of Electric CurrentMagnetic Effects of Electric CurrentMagnetic Effects of Electric Current44 mins
Lifelines of National Economy + Manufacturing Industries RevisionLifelines of National Economy + Manufacturing Industries RevisionLifelines of National Economy + Manufacturing Industries Revision47 mins
Magnetic ForceMagnetic ForceMagnetic Force48 mins
Electromagnetic  InductionElectromagnetic  InductionElectromagnetic Induction38 mins
Indicators show the Nature of Acids & Bases. How?Indicators show the Nature of Acids & Bases. How?Indicators show the Nature of Acids & Bases. How?34 mins
Heating Effect of Electric CurrentHeating Effect of Electric CurrentHeating Effect of Electric Current42 mins
Devour Parts of SpeechDevour Parts of SpeechDevour Parts of Speech45 mins
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

Why do you think AP Board - Social Studies

Right to EducatioAP Board - Social Studies

Usually, behind eAP Board - Social Studies

Do you think therAP Board - Social Studies

In what respect iAP Board - Social Studies

What is the relatAP Board - Social Studies

Why do we use aveAP Board - Social Studies

What is the per cAP Board - Social Studies

Based on the figuAP Board - Social Studies

What lessons can AP Board - Social Studies