Rapidly developing countries such as China, Sri Lanka, India etc. fall under which category

Question

Quizplus · Accepted Answer

Rapidly developing countries such as China, Sri Lanka, India, etc. are characterized by having abundant labor resources. This means that there is a huge supply of skilled and unskilled workers in these countries, making labor relatively cheap and readily available. This is one of the key factors driving their economic growth, as it allows them to compete on cost with more developed countries.

Rapidly Developing Countries Such as China, Sri Lanka, India Etc