ECOLOGY
ENVIRONMENTAL ISSUES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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developed country
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conservation
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environment
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environmental science
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Detailed explanation-1: -MEDCs are also called developed or industrialized countries, or MDCs (more developed countries). The United Nations identifies the United States, Canada, Japan, Australia, New Zealand, and all the countries of Europe as MEDCs.
Detailed explanation-2: -The terms more developed countries (MDCs) and less developed countries (LDC) were coined by economists to classify the world’s 183 countries on the basis of economic development (average annual per capita income and gross national product).
Detailed explanation-3: -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-4: -In developing countries, due to a lot of MNC presence within their geographical boundaries, the value of goods and services produced by them adds up to GDP, but while calculating GNP, those foreigner incomes are subtracted from GDP.