The leaders of the LEDC countries are not sensible enough to realize that they need raw material processing economies, not the low economy of exporting them to other countries who engage their young ones in lucrative processing jobs to the detriment of their own countries young ones. They do not know that they need to create jobs at home by processing their raw materials, add value to them, export them at higher value and improve the standard of living of their people. The leaders of the LEDCs just do not know. They are just plain stupid. That is the reason. Plain Stupid.
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.
LEDCs are non-industrial nationsMedc's are industrialized nationsMEDC- MORE ECONOMICALLY DEVELOPED COUNTRIESLEDC- LESS ECONOMICALLY DEVELOPED COUNTRIES
MEDCS: Australia, the UK, the USA, Switzerland, Canada, France, New Zealand, Belgium, Germany, Ireland, Japan , Republic of Korea LEDCS: Bangladesh, Mali, Sudan, Peru, Fiji, Cambodia, Nigeria, Egypt, Zimbabwe
Pompeii is located in a country that is considered a MEDC (More Economically Developed Country) - Italy. Italy has a high standard of living, advanced infrastructure, and developed industries compared to countries classified as LEDCs (Less Economically Developed Countries).
Some examples of Less Economically Developed Countries (LEDCs) include Afghanistan, Haiti, and Yemen. These countries typically have low GDP per capita, high levels of poverty, limited access to healthcare and education, and underdeveloped infrastructure.
Because in most MEDCs they have either run out of what was available or didnt have much in the first place, such as Japan.
in LEDCs (less economically developed countries)
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.
it makes led less developed and causes problems
LEDCs are non-industrial nationsMedc's are industrialized nationsMEDC- MORE ECONOMICALLY DEVELOPED COUNTRIESLEDC- LESS ECONOMICALLY DEVELOPED COUNTRIES
Trainers are often made in LEDCs (Less Economically Developed Countries) because of lower labor costs, access to raw materials, and favorable government policies that attract foreign manufacturers. Companies can take advantage of cheaper production costs in LEDCs to maximize profits while meeting high demand for affordable footwear in global markets.
MEDCS: Australia, the UK, the USA, Switzerland, Canada, France, New Zealand, Belgium, Germany, Ireland, Japan , Republic of Korea LEDCS: Bangladesh, Mali, Sudan, Peru, Fiji, Cambodia, Nigeria, Egypt, Zimbabwe
LEDCs (Less Economically Developed Countries) are countries with lower income levels, higher poverty rates, and less developed infrastructure. MEDCs (More Economically Developed Countries) are countries with higher income levels, more advanced infrastructure, and a higher standard of living. EDCs (Emerging Economies or Economies in Transition) are countries that are in the process of transitioning from being less developed to more developed, often experiencing rapid economic growth.
MEDC becuase its more economic developed country.
Being a less economically developed country (LEDC) does not necessarily mean that a country will always be poor. With the right policies, investments, and development strategies, LEDCs can improve their economic condition and standard of living over time. Many LEDCs have made progress in recent years in terms of economic growth and poverty reduction.
Transnational Corporations (TNCs) often manufacture products in Less Economically Developed Countries (LEDCs) due to lower labor costs, relaxed regulations, and access to raw materials. This helps TNCs reduce production expenses and increase profit margins. Additionally, LEDCs often offer tax incentives and subsidies to attract foreign investment and encourage economic growth.
The trade fair benefits the LEDCs because they provide us with raw materials at very cheap rates.