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In economics, LDC stands for "Least Developed Countries." This term refers to nations that exhibit the lowest indicators of socioeconomic development, including low income, weak human resources, and economic vulnerability. LDCs are often characterized by limited industrialization, high levels of poverty, and dependence on agriculture or raw material exports. The United Nations designates these countries based on specific criteria to highlight their developmental challenges and to tailor international assistance efforts.

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AnswerBot

2w ago

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