FOOD TECHNOLOGY

Detailed explanation-1: -A developed country-also called an industrialized country-has a mature and sophisticated economy, usually measured by gross domestic product (GDP) and/or average income per resident. Developed countries have advanced technological infrastructure and have diverse industrial and service sectors.

Detailed explanation-2: -Low-and middle-income economies are usually referred to as developing economies, and the Upper Middle Income and the High Income are referred to as Developed Countries.

Detailed explanation-3: -An advanced economy is a term used by the International Monetary Fund (IMF) to describe the most developed countries in the world. There is no established numerical convention to determine whether an economy is advanced or not.

Detailed explanation-4: -(MDC) A highly industrialized country that has high per capita incomes, low birth rates and death rates, low population growth rates, and high levels of industrialization and urbanization. Examples include the USA, Canada, Japan, and many countries in Europe. Contrast less developed country.