Economic classification

Question 1

The First World (developed)

Answer 1

Western Europe

North America

Australia

New Zealand

Japan

Question 2

The Second World

Answer 2

State-controlled communist countries such as the former.

Question 3

The Third World

Answer 3

Or Developing world: all the other less developed countries.

Question 4

More detailed way._MEDC

Answer 4

These are most developed countries. They have high standards of living. They are reffered to as (HICs.)

Question 5

More detailed way_NICs

Answer 5

These are countries that have experienced rapid industrial, social and economic growth since 1960.

Question 6

Catergories of NICs

Answer 6

BRICS 
MINT
CIVETS
Next Eleven( N1) 
Centrally planned economies.

Question 7

Oil-rich countries_ Suadi Arabia Libya

Answer 7

Oil-rich Countries_ such as Saudi Arabia and Libya.

These countries are rich in terms of GNP per head, although it may not be distributed very evenly.

Question 8

LDC(Less developed country)

Answer 8

sub-saharan africa.

Question 9

LEDC

Answer 9

Lower stage od development