what is ledc

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Nature

LEDC stands for "Less Economically Developed Country." These are countries with less developed economies that typically have lower incomes, poor nutrition, limited access to healthcare and education, and unstable economies often based on primary industries like farming, mining, and fishing. Most LEDCs are found in regions such as Africa, Asia (excluding Japan), Latin America, and the Pacific. These countries face economic vulnerabilities including dependency on agriculture and exposure to natural disasters, which can severely impact their economies. LEDCs contrast with MEDCs (More Economically Developed Countries), which have more advanced industrial economies and higher living standards.