First World
Definition of 'First World'1. A country that was aligned with the West and opposed to the2. 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. |
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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 |
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