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English definition of “underdeveloped country”

underdeveloped country

noun [C]     ECONOMICS
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.
→ Compare developed country, developing country
(Definition of underdeveloped country noun from the Cambridge Business English Dictionary © Cambridge University Press)
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