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MEDCs (More Economically Developed Countries) are characterized by wealth, progress, and high living standards, while LEDCs (Less Economically Developed Countries) face challenges related to poverty and slower development. This article explores the distinctions between these two categories, illustrating the disparities in global economic health. As a prime example of an MEDC, London boasts remarkable properties like the £70 million mansion, highlighting the extremes of wealth that exist even within economically advanced nations.
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What is a M.E.D.C.? A • More • Economically • Developed • Country! • Which means its rich, progressing and doing well!
What is a L.E.D.C.? A • Less • Economically • Developed • Country • Which means that it’s poorer and not progressing or doing very well.
The world’s most expensive house: LONDON THE £70-MILLION MANSION: a central London house sold for a stunning price of £70 million