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In Social Studies / High School | 2025-07-07

According to the World Bank, a country with low or middle income is:
A. first world
B. second world
C. third world
D. developing

Asked by jasminepagan28

Answer (2)

The World Bank classifies low and middle-income countries as developing nations, distinguishing them from the first world (developed countries) and the third world (historically leveling countries with lower economic stability). Understanding these terms helps in recognizing the economic status of different nations and their needs. ;

Answered by GinnyAnswer | 2025-07-07

According to the World Bank, low and middle-income countries are classified as developing nations. This classification reflects their ongoing efforts to improve economic stability and living standards. It distinguishes them from developed countries and outdated terms like 'third world.'
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Answered by Anonymous | 2025-07-17