what are the types of country according to development in Ratio
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16 The first economic classification in the 1978 WDI divided countries into three categories: (1) developing countries, (2) industrialized countries, and (3) capital-surplus oil-exporting countries.Countries can be classified as high-income countries (HICs), low-income countries (LICs) and newly emerging economies (NEEs).
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There are three types of countries:
1. Developed
2. Developing
3. Under development
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