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Bhutan is classified as a Least Developed Country (LDC) rather than a More Economically Developed Country (MEDC). It has made strides in areas like Gross National Happiness and sustainable development, but it still faces challenges such as limited industrialization and infrastructure. The economy is primarily based on agriculture and hydropower, and it relies on external assistance for development. Thus, Bhutan does not meet the criteria typically associated with MEDCs.
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