What are the differences between LEDC and MEDC countries?

Answer 1

LEDCs stands for Less Economical Developed Country. In general, LEDCs are non-industrial nations. They tend not to have a base of manufacturing industries and residents are less economically advantaged (i.e. poor). Another term for LEDCs is Third World nations. The majority of the world outside of Europe, the United States, Canada, South Africa, Israel, Japan and the former Soviet Block nations fall under this designation.

MEDCs stands for More Economical Developed Country. MEDCs are industrialised nations with large scale industry and a high gross-domestic-product rating. Citizens of these countries are usually economically well off with a small chance of starvation. They are also referred to as First World nations. They include all of the nations listed above with the exception of the Soviet Block nations which are known as Second World nations.

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