According to the United Nations' stages of economic development for classifying countries with respect to levels of industrialization, a country that is industrially underdeveloped, agrarian, has subsistence society with rural populations, and has extremely low per capita income levels falls under the category of _____.
A) first world countries
B) least-developed countries
C) less-developed countries
D) newly industrialized countries
E) frontier markets
Correct Answer:
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