Countries with a low standard of living, little industrial output, and a low Gross Domestic Product are referred to as "developing countries".
International investors regularly arrange nations around the globe dependent on their dimension of economic improvement. A few grouping levels exist, and these arrangements utilize various monetary and social criteria, extending from per capita pay to future to proficiency rates.
Developing countries, less-developed countries (LDCs) or developing markets are those with lower appraisals dependent on these measurable criteria.
Developed countries are nations with economies that have high development and security when taking a gander at the GDP per capita salary, and general way of life, among different variables. Examples incorporate the United States and Western Europe.