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LEDC (Less Economically Developed Countries) typically export raw materials and agricultural products, such as coffee, textiles, minerals, and other commodities, to MEDC (More Economically Developed Countries). In return, they import manufactured goods, technology, and advanced machinery, which are crucial for their development and industrialization. This trade dynamic often reflects the disparities in economic capabilities and industrial infrastructure between the two types of countries. Additionally, LEDC countries may also import services and expertise to help develop their local industries.

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1mo ago

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