When we combine newly industrialized countries with countries that have the potential to become newly industrialized, we arrive at a category called ________.
A) developed countries
B) newly industrialized countries
C) emerging markets
D) developing countries

Question

Quizplus · Accepted Answer

Emerging markets refer to countries that are in the process of becoming newly industrialized or have the potential to become newly industrialized. This category generally includes countries from Asia, Latin America, and Eastern Europe that have seen rapid economic growth and development in recent years. Developed countries have already reached a high level of industrialization and economic development, while developing countries are still working towards industrialization and have lower levels of economic development. Newly industrialized countries have already made significant progress towards industrialization and economic development, but may not yet have fully transitioned to a fully industrialized economy.

When We Combine Newly Industrialized Countries with Countries That Have