BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A country with a strong business activity that includes advanced technology and a highly educated population.
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developing country
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less-developed country
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industrialized country
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Explanation:
Detailed explanation-1: -A developed country, industrialized country, or “more economically developed country” (MEDC), is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations.
Detailed explanation-2: -Electronic commerce, or e-commerce, enabled by information technology, has fueled many changes and created a new economy.
Detailed explanation-3: -The seven largest advanced economies as measured by GDP (Canada, France, Germany, Italy, Japan, United Kingdom, United States) constitute the subgroup of major advanced economies, often referred to as the Group of Seven (G7). The members of the euro area are also distinguished as a subgroup.
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