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LEDC stands for less economically developed country and in general, LEDCs are non-industrial nations. They tend not to manufacture goods and the residents are usually poor. Another term for LEDCs is Third World nations and there are MEDC's too, that stands for more economically developed countries and those countries are rich. A few of them are England, Australia and The United States of America. A few of the LEDC countries are Panama, Sierra Leone and Ghana and there several more. Residents of LEDC's countries earn the equivalent of less than $1200 US a year (which is less than $4 US a day).
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∙ 13y ago
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Does fair trade benefit retailers more than LEDCs?
why is fair trade good for LEDCs
How did LEDCs get into debt with MEDCs?
ledcs ask medcs for money if they need it but over time, medcs charge more and more interest and so the ledcs can't pay it back. medcs also bargain for their resources so when the ledcs are left in debt, with no control over their resources, they end up in poverty.
How Many LEDCs are there?
There are many Less Economically Developed Countries (LEDCs) worldwide, but the exact number can vary depending on the source or classification. The United Nations lists over 30 countries as Least Developed Countries (LDCs), which generally align with the concept of LEDCs.
Can you name 10 LEDCs?
poty
Is Argentina a medcs or ledcs country?
ledc
Is free market economy good for LEDCs?
nope.
What country did the rose flower come from?
it comes from a LEDCS
Where are sweatshops found?
in LEDCs (less economically developed countries)
Is Somalia a medcs or ledcs country?
LEDC because it has faming in it and ...
How does oxfam operate and what does it do?
it give out aid to other country's like LEDCs
Should TNCs be allowed to use LEDCs to increase profit?
Yes and No
Why are companies using LEDCs for manufacturing purposes?
bECAUSE, THE WAGES ARE LOW
