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What two methods can less developed country use to finance its economic development?

There two methods that less developed country can use to finance its economic development. The two are borrowing from other countries and collecting taxes from citizens.


What two methods can a less developed country used to finance its economic development?

The two methods that a less developed country can use to finance its economic development include borrowing from the World Bank, and agriculture. One method less developed countries can use to finance economic development is internal financing. Another method is foreign investment.


What does the acronym MEDC stand for?

The acronym MEDC stands for Michigan Economic Development Corporation. MEDC also stands for More Economically Developed Country, Mobile & embedded Developers Conference,Maryland Economic Development commission, and Missouri Economic Development Center.


Is azerbaijan LEDC country?

Azerbaijan is classified as a developing country, often referred to as a middle-income country. It is not considered a Least Developed Country (LDC), but it faces challenges in areas such as economic development, infrastructure, and social development.


What is the importance of power resources of a country?

Energy sources plays a very important role in the economic development of a country. A country having well developed sources of energy has a better chance of development rather than a country having less energy sources.


What does ledc stand for?

what does LEDC stand for?Less economy developed country


Why are economic indicators low with a less developed country?

I think that its low because the country is not fully developed.


Is Syria a developed country?

Syria is considered a developing country due to its lower level of economic and social development compared to more developed nations. The ongoing civil war in Syria has also significantly hindered its progress towards becoming a developed country.


What are the Features of a developed country?

A developing country 1. Is that country which has relatively low standard of living, an undeveloped industrial base, and a moderate to low Human Development Index (HDI) score and per capita income, but is in a phase of economic development. 2. Usually all countries which are neither a developed country nor a failed state are classified as developing countries.


Why do you think some people are rich and some are poor explain?

it depends on whether they are in a more economic developed country (MEDC) or a less economic developed country (LEDC)


Is Iraq a developed or developing country?

Iraq is a developing country, beause if is poor, beacuse of the population and because of it economy


What is a less economic developed country?

An LEDC is a less economically developed country, or a country with a low level of economical development. Indicators of this can include high infant mortality rate, low literacy rate, and a low GDP (per capita) Examples of LEDCs are Jamaica, Ghana, Rwanda etc