Examlex
What is the value of retailing for consumers and the economy?
Modernization Theorists
Scholars who study the process of societal transition from traditional to modern societies, emphasizing the positive effects of technological and economic development.
Developing Countries
Nations that are less industrialized and have lower per capita income levels compared to more industrialized countries.
Economic Development
The process by which a nation improves the economic, political, and social well-being of its people.
World Bank
An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.
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