Question

What are the three categories of countries based on their level of development?

1) Core, Periphery, Semi-periphery
2) Developed, Developing, Underdeveloped
3) First World, Second World, Third World
4) High-income, Middle-income, Low-income

Answer 1

The three categories of countries based on their level of development are core, periphery, and semi-periphery; developed, developing, and underdeveloped; and high-income, middle-income, and low-income.

Step-by-step explanation:

The three categories of countries based on their level of development are:

1. Core, Periphery, Semi-periphery: Core nations are highly developed or industrialized, semi-peripheral nations are developing or newly industrialized, and peripheral nations are relatively undeveloped. An example of a core nation is the United States, while an example of a peripheral nation is Haiti.
2. Developed, Developing, Underdeveloped: Developed nations have higher wealth and economic stability while developing nations have less wealth and are in the process of progress and growth. Underdeveloped nations have the least wealth and face significant economic challenges. Examples of developed countries include Canada and Japan, while examples of underdeveloped countries include many nations in Central Africa and South America.
3. High-income, Middle-income, Low-income: High-income nations are wealthier and have more resources to distribute among their populations. Middle-income nations have moderate wealth, while low-income nations have less wealth to distribute. Countries in these categories are often referred to as developing countries. An example of a high-income nation is Switzerland, while an example of a low-income nation is Sierra Leone.