What is the usual way of classifying countries into different groups?
Q: What is the usual way of classifying countries into different groups?
A: The usual way of classifying countries into different groups is by looking at how rich people are, on average, in different countries.
Q: What are the two main groups of countries in this classification?
A: The two main groups of countries in this classification are developing countries and developed ones.
Q: What is the third group of countries in some classifications?
A: The third group of countries in some classifications is between developing and developed countries, and is usually called emerging countries.
Q: Why are these definitions problematic?
A: These definitions are problematic because a high standard of living does not just mean that people make a lot of money. The main problem is that things cost different amounts in different countries.
Q: Does earning more money in one country necessarily mean being better-off?
A: No, earning more money in one country does not necessarily mean being better-off because people might earn more simply because the cost of living is higher.
Q: Are all developing countries the same in terms of economic development?
A: No, not all developing countries are the same in terms of economic development. The level of economic development changes a lot from one developing country to another.
Q: What type of developing countries have a high standard of living?
A: Developing countries that have a high standard of living are those that have a lot of natural resources but not the Industrialization that would use them, so the resources are sold to the countries which can use them.
