Question

what is meant by developing countries in economics???

Answer 1

As a rule, though, adeveloping economy is one where people have a lower standard of living and less developed industries than other countries. However, it's all relative.

Answer 2

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Developing country refers a nation with a less developed industrial base and a sovereign state with less humandevelopment indicators (HDI) than other developed countries. Per capita income or gross domestic product (GDP) is also includes in defining adeveloping country.


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