The main criterion used by the world bank to classify different countries as developed or underdeveloped is the average income of the country. It divides the countries into high income countries, middle-income countries and low-income countries. The limitation to this criteria is that it does not show the distribution of income among the people in a particular country. It also hides disparities. It does the consirder the health of the country.
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Answer:
The main criterion used by the world bank to classify different countries as developed or underdeveloped is the average income of the country. It divides the countries into high income countries, middle-income countries and low-income countries. The limitation to this criteria is that it does not show the distribution of income among the people in a particular country. It also hides disparities. It does the consirder the health of the country.