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* A '''[[w:developed country|developed country]]''', '''industrialized country''', or "'''more economically developed country'''" ('''MEDC'''), is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations. Most commonly, the criteria for evaluating the degree of economic development are [[w:gross domestic product|gross domestic product]] (GDP), the [[w:per capita income|per capita income]], level of industrialization, amount of widespread infrastructure and general standard of living. ( Wikipedia ) | * A '''[[w:developed country|developed country]]''', '''industrialized country''', or "'''more economically developed country'''" ('''MEDC'''), is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations. Most commonly, the criteria for evaluating the degree of economic development are [[w:gross domestic product|gross domestic product]] (GDP), the [[w:per capita income|per capita income]], level of industrialization, amount of widespread infrastructure and general standard of living. ( Wikipedia ) | ||
* An '''[[w:emerging markets|emerging market]]''' is a country that has some characteristics of a [[w:developed market|developed market]] but is not yet a developed market. This includes countries that may be developed markets in the future or were in the past. ( Wikipedia ) | * An '''[[w:emerging markets|emerging market]]''' is a country that has some characteristics of a [[w:developed market|developed market]] but is not yet a developed market. This includes countries that may be developed markets in the future or were in the past. ( Wikipedia ) | ||
* The category of '''[[w:newly industrialized country|newly industrialized country]]''' ('''NIC''') is a [[w:Socioeconomics|socioeconomic]] [[w:Categorization|classification]] applied to several countries around the world by [[w:political scientist|political scientist]]s and [[w:economist|economist]]s. ( Wikipedia ) | * The category of '''[[w:newly industrialized country|newly industrialized country]]''' ('''NIC''') is a [[w:Socioeconomics|socioeconomic]] [[w:Categorization|classification]] applied to several countries around the world by [[w:political scientist|political scientist]]s and [[w:economist|economist]]s. ( Wikipedia ) | ||
* A '''[[w:developing country|developing country]]''', also called a '''less-developed country''', is a nation with a lower living standard, underdeveloped industrial base, and low [[w:Human Development Index|Human Development Index]] (HDI) relative to other countries. ( Wikipedia ) | |||
'''Groupings:''' | '''Groupings:''' | ||