Question

Developing countries tend to focus more on the goal of economic growth than developed countries.

Answer 1

True. Developing countries tend to focus more on the goal of economic growth than developed countries.

What is developing country?

An independent nation that has a less developed industrial base and a lower Human Development Index (HDI) than other nations is considered to be a developing country. However, not everyone agrees with this definition. On which nations fall into this category, there is likewise no apparent consensus.

Low and middle-income country (LMIC) is a phrase that is frequently used interchangeably, but it only relates to the economies of the countries. The World Bank divides the world's economy into four categories based on gross national income per capita: high, upper-middle, lower-middle, and low income countries.

Subgroups of developing countries include least developed nations, landlocked developing nations, and small island developing states. On the other end of the range, nations are typically referred to as high-income or developed nations.

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