less developed country (LDC)

(economics) A country showing: (1) a poverty level of income, (2) a high rate of population increase, (3) a substantial portion of its workers employed in agriculture, (4) a low proportion of adult literacy, (5) high unemployment, and (6) a significant reliance on a few items for export.
Terms such as third world, poor, developing nations, and underdeveloped have also been used to describe less developed countries.

Was this article helpful?

Related Articles

Need Support?

Can't find the answer you're looking for?
Contact Support