Meaning of “underdeveloped country” in the English Dictionary

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"underdeveloped country" in Business English

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underdeveloped countrynoun [ C ]


a country that is less developed economically than most others, with little industry and little money spent on education, health care, etc.:

The money is earmarked for shares of companies in underdeveloped countries.

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