A low- or middle-income country in which most people have a low standard of living and access to fewer goods and services than do persons in countries with higher income levels is referred to as

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A developing country is a low- or middle-income country where the majority of the population has a low standard of living and limited access to goods and services compared to developed countries. Emerging country and unmerging country are not commonly used terms in economics. A developed country, on the other hand, is a high-income country with advanced industrialization and infrastructure.

A Low- or Middle-Income Country in Which Most People Have