Compare and contrast highly developed countries (HDCs) and less developed countries (LDCs). Include in your answer three examples of countries in each category; a description of the gap between categories; and the similarities and differences that one might expect to see in these types of countries

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The least developed countries (LDCs) are low-income countries confronting severe structural impediments to sustainable development. They are highly vulnerable to economic and environmental shocks and have low levels of human assets.

There are currently 46 countries on the list of LDCs which is reviewed every three years by the Committee for Development (CDP). LDCs have exclusive access to certain international support measures in particular in the areas of development assistance and trade.

Economics specializes in the behavior and interactions of financial sellers and how economies paint. Microeconomics analyzes what's regarded as fundamental factors in the financial system, inclusive of person sellers and markets, their interactions, and the consequences of interactions. Character marketers may consist of, as instance, families, firms, shoppers, and dealers. Macroeconomics analyzes the economic system as a system in which production, intake, saving, and investment engage, and elements affecting it: employment of the resources of labor, capital, and land, forex inflation, economic growth, and public regulations that have an effect on these elements.

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