What are the limitations of workd …
CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Posted by Kathansh Jain 5 years ago
- 2 answers
Yogita Ingle 5 years ago
The main criterion used by the World Bank in classifying different countries:
Countries with per capita income of US$ 12616 per annum and above in 2012, are called rich countries and those with per capita income of US$ 1035 or less are called low-income countries. India comes in the category of low middle income countries because its per capita income in 2012 was just US$ 1530 per annum. The rich countries, excluding countries of Middle East and certain other small countries, are generally called developed countries.
Limitations of this criterion are that while average income is useful for competition, it does not tell us how this income is distributed among people. A country may have more equitable distribution. People may be neither very rich nor extremely poor. But in another country with same average income, one person may be extremely rich, while others may be very poor. So, the method of average income does not give correct picture of a country.
Related Questions
Posted by Mannat Nassa 8 hours ago
- 0 answers
Posted by Jiya Narola 2 days, 10 hours ago
- 0 answers
Posted by Tanish Shokeen 2 days, 8 hours ago
- 1 answers
Posted by Gavi Brar 2 days, 12 hours ago
- 0 answers
Posted by Rishita Kumari 16 hours ago
- 0 answers
Posted by Amrit Raj 2 days, 12 hours ago
- 1 answers
Posted by Charmi Gemawat 1 day, 10 hours ago
- 0 answers
Posted by Manshu Bansal 10 hours ago
- 0 answers
Posted by Divyanshi Deora 1 day, 10 hours ago
- 0 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
अनुराग त्रिपाठी??? 5 years ago
0Thank You