Some countries have high economic growth and yet are still defined as less-developed countries. Name one such country and explain why it is considered less-developed
What will be an ideal response?
Answer: China or India. These countries have rapid economic growth, but low average incomes.
Explanation: Rate of economic growth and average income levels are the criteria for defining less-developed countries. China and India are experiencing rapid growth, but also have very high levels of poverty.
Business
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