Asked by
Salma Almansoori
on Oct 12, 2024
Verified
India and China are
A) LDCs.
B) NICs.
C) industrialized countries.
NICs
Stands for Newly Industrialized Countries, which are nations experiencing rapid economic growth and industrialization.
LDCs
Least Developed Countries (LDCs) are low-income countries confronting severe structural impediments to sustainable development, often characterized by weak socioeconomic indicators.
- Gain insight into the historical patterns of economic development and their allocation by geography.
Verified Answer
ML
Learning Objectives
- Gain insight into the historical patterns of economic development and their allocation by geography.