In general, we currently classify nations into three categories, depending on the level of economic advancement. These are:
A) advanced, emerging, and developing.
B) high-achievers, low-achievers, and infant industry nations.
C) First World, Second World, Third World.
D) fully integrated, moderately integrated, and closed.

Question

Quizplus · Accepted Answer

The categorization of nations as advanced, emerging, and developing is the most commonly used and widely accepted system based on economic indicators such as Gross Domestic Product (GDP), Human Development Index (HDI), and Purchasing Power Parity (PPP).

In General, We Currently Classify Nations into Three Categories, Depending