MDC stands for "More Developed Country." This term is often used to refer to countries that have high levels of economic development, social well-being, and industrialization. MDCs are typically characterized by high standards of living, advanced technological infrastructure, and well-established political systems.

Some common examples of MDCs include the United States, Canada, Japan, Australia, and most countries in Western Europe. These countries have high levels of economic growth and typically have high standards of living for their citizens, including access to education, healthcare, and other basic necessities.

The concept of MDCs is often contrasted with that of "Less Developed Countries" (LDCs), which are characterized by lower levels of economic development and social well-being. The classification of a country as an MDC or LDC is typically based on a range of factors, including gross domestic product (GDP), level of industrialization, human development index (HDI), and other economic and social indicators.

Related Articles

OECD ■■■■■■■
OECD, or the Organization for Economic Co-operation and Development, is an international organization . . . Read More
National Airline at travel-glossary.com■■■■■■
National Airline is airline whose operating revenue lies between $100 million and $1 billion per annumA . . . Read More
Establishment at top500.de■■■■■■
Establishment: In the industrial context, establishment generally refers to a business or organization . . . Read More
2011 at top500.de■■■■■■
The year 2011, within an industrial or industry context can be associated with significant events, trends, . . . Read More
Taxation at top500.de■■■■■■
Taxation in the industrial and industry context refers to the process of levying and collecting taxes . . . Read More
NAICS ■■■■■■
The North American Industry Classification System or NAICS (pronounced "nakes") is used by business and . . . Read More
North American Industry Classification System at top500.de■■■■■■
The North American Industry Classification System (NAICS) refers to an industry classification system . . . Read More
NAPCS at top500.de■■■■■■
In the industrial and industry context, NAPCS stands for the "North American Product Classification System . . . Read More
Bathroom at top500.de■■■■■■
A bathroom is a room for personal hygiene, generally containing a bathtub or a shower, and possibly also . . . Read More
Aboriginal at travel-glossary.com■■■■■
Aboriginal are the original inhabitants of a country and their descendants. The term is used mainly in . . . Read More