A developed country refers to a nation with a high standard of living, advanced technological infrastructure, and well-established industries.
Related terms
Developing Country: A developing country is one that is still in the process of improving its standard of living, economic stability, and infrastructure.
Gross Domestic Product (GDP): GDP measures the total value of goods and services produced within a country's borders during a specific time period.
Human Development Index (HDI): HDI is an indicator that assesses a country's overall development based on factors like life expectancy, education level, and income per capita.