GK
BUSINESS ECONOMICS
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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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None of the above
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Explanation:
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.
Detailed explanation-2: -A developed country (or industrialized country, high-income country, more economically developed country (MEDC), advanced country) is a sovereign state that has a high quality of life, developed economy and advanced technological infrastructure relative to other less industrialized nations.
Detailed explanation-3: -Developed nations have strong economies, advanced technology, and high standards of living. Three examples of developed nations are Japan, Australia, and Germany.
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