Definition of 'First World'
1. A country that was aligned with the West and opposed to the
2. A country characterized by political stability, democracy, rule of law, a capitalist economy, economic stability and a high standard of living. Various definitions have been used for First World nations, including GDP, GNP and literacy rates. The Human Development Index is also a good indicator in determining First World countries.
Investopedia explains 'First World'
First-world countries have stable currencies and robust financial markets, making them attractive to investors from all over the world. Examples of first-world countries include the