less-developed countries

less-developed countries definition - finance
Countries that have lower per capita incomes and that have a greater dependency on commodity prices. Their capital markets and business system arenÂ’t well developed, compared with those of Western countries such as the United States and the United Kingdom.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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