A sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations.
Now think about a college graduate who has completed their education journey successfully. They've got knowledge, skills, stable income sources - they're fully equipped for life's challenges. That's like an MDC - they have well-established infrastructures, advanced technologies, strong economies which make them capable enough for any global challenges.
First World Countries: These are developed capitalist countries characterized by political stability, democracy, rule of law & high standard of living etc., e.g., USA & most Western European nations
Gross Domestic Product (GDP): The total value of goods produced and services provided in a country during one year.
Human Development Index (HDI): A statistical tool used by the United Nations to measure a country's overall achievement in its social and economic dimensions. The social and economic dimensions of a country are based on the health of people, their level of education attainment and their standard of living.
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