What are LEDCs?

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).

(see a list at the related link)