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____ Classifies a Country's Stage of Economic Development on the Basis

question 113

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____ classifies a country's stage of economic development on the basis of its level of industrialization into three categories and the three categories are MIDCs, LDCs, and LLDCs.


Definitions:

Proceeds

The amount of money or assets received from a transaction, sale, or event.

Beneficiary

An individual or entity entitled to benefits or proceeds from an insurance policy, trust, will, or other contracts.

Donee Beneficiary

A third party who benefits from a contract made between two other parties, where the intent is to benefit the third party.

Gratuitous Assignment

A transfer of rights or property without consideration or payment from the recipient.

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