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Gross Domestic Product

Underdeveloped Country

Developed Country

Developing Country

Primary Economy

Secondary Economy

-country with most needs met and many extras -good standard of living -good housing, roads, services

-country with few needs met -low standard of living -poor housing, roads, services

Amount of money and goods a country makes in a year

Economy mostly dealing with agriculture and raw materials

Economy mostly dealing with manufacturing products (manuFACTuring=FACTories)

-country with most needs met, some extras -okay standard of living -okay housing, roads, services