What term refers to countries with lower economic development?

The correct term for countries with lower economic development is "Economically Less Developed Countries," which is often abbreviated as LEDCs. This designation is used to describe nations that typically have lower income levels, less industrialization, and a lower Human Development Index (HDI) compared to more affluent nations.

LEDCs often face challenges such as higher rates of poverty, limited access to education and healthcare, and reliance on agriculture or primary industries for their economies. The term encapsulates a broad range of issues, including economic instability, political challenges, and socio-economic factors impacting development.

Other terms such as "Economically More Developed Countries" and "Developed Nations" refer specifically to countries with advanced economic structures and high standards of living, which highlights the contrast to LEDCs. "Industrialized Countries" typically refers to nations with significant manufacturing sectors and advanced infrastructure, which again places them outside the category of LEDCs. Thus, the term used reflects a recognition of varying levels of economic progress and development across the globe.