What Is the Term Used to Depict Countries Whose Standards

question 48

Multiple Choice

What is the term used to depict countries whose standards of living have raised sharply over the years due to industrialization?

• A) less developed countries
• B) economically developed countries
• C) newly industrializing countries
• D) sustainable countries

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Definitions:

Equity Method

A method of accounting employed by companies to evaluate the earnings from their investments in other firms.

Subsidiary

A company controlled by another company, often referred to as the parent company.