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The terms developed, developing, and underdeveloped countries are used to classify nations based on their economic, social, and political conditions, but they are not fixed labels and often require reconsideration in the context of modern development thinking. Developed countries, also referred to as industrialized or high-income nations, _______ ______ _______ _______ _________ _____ _________ _________ ___ _________ ___.
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