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The way that a country organizes its use of money, goods, and trade is described as its economy. Some countries have more developed economies than others. These are sometimes referred to as more economically developed countries (MEDCs).
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Some countries have economies that are more developed than...
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Some countries have economies that are more developed than others; these places are sometimes referred to as more economically developed countries (MEDCs). They are also called more developed countries (MDCs), developed countries, or industrialized countries.
A developed country, or advanced country, [3] [4] is a sovereign state that has a high quality of life, developed economy, and advanced technological infrastructure relative to other less industrialized nations.
The United Nations Development Programme measures human development in the world's countries by tracking dozens of data points across a vast range of sectors, ranging from GDP per capitato literacy rate, life expectancy, political stability, and access to electricity.
LEDCs or Less Economically Developed Countries are countries with a low standard of living and a much lower GDP. The map shows the locations of LEDCs and MEDCs.
23 Απρ 2018 · A developed country is a sovereign state with high industrial and Human Development Index compared to other countries. It must also have a technologically advanced infrastructure, and its economy must be highly developed. It is also referred to as industrialized country or more developed country.
Development is a measure of how advanced a country is socially, economically, or technologically. And countries around the world are at different stages of development.
