What Is MEDC And LEDC? MEDCs are countries which have a high standard of living and a large GDP . LEDCs are countries with a low standard of living and a much lower GDP. … Most of the southern hemisphere is less developed, while countries in the northern hemisphere are more developed. What defines an
What Are Nations Characterized By Highly Industrialized Economies? nations said to consist of the rich, industrialized nations that primarily had capitalist economic systems and democratic political systems. EX: US, Canada, Japan, Great Britain, Australia, and New Zealand. What is the term for nations characterized by limited industrialization and moderate personal income? middle-income countries. nations with