Wealthier countries are nations that possess a higher level of economic prosperity, often characterized by advanced industries, infrastructure, higher standards of living, and greater access to resources.
Related terms
Developed Nations: Developed nations are countries with advanced economies and high levels of industrialization. These countries generally exhibit strong infrastructure, technological advancements, and high standards of living.
Global North: The Global North refers to a group of wealthier countries located mainly in the Northern Hemisphere. These nations typically have higher levels of development compared to those in the Global South.
Gross Domestic Product (GDP): GDP is a measure used to determine the economic output or value of goods and services produced within a country's borders over a specific period. It is often used as an indicator of a nation's overall wealth and economic growth.