Meaning of “less-developed country” in the English Dictionary

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"less-developed country" in Business English

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less-developed countrynoun [ C ]

uk us abbreviation LDC ECONOMICS

a country that does not have a lot of industrial activity and where people have low incomes:

Governments in less developed countries realize that telecommunications access is one of the fastest engines of economic growth.

(Definition of “less-developed country” from the Cambridge Business English Dictionary © Cambridge University Press)