The best describes a developing nation is low standard of living. (B)
Developing countries are, in general, countries that have not achieved a significant degree of industrialization relative to their populations, and have, in most cases, a medium to low standard of living. There is an association between low income and high population growth.
Factors that can contribute to a low living standards include lack of adequate industry in a particular area, lack of jobs, insufficient health care services, lack of public transportation, lack of food or water, government oppression etc.
The World Bank classifies the world's economies into four groups, based on gross national income per capita: high, upper-middle, lower-middle, and low income countries. Least developed countries, landlocked developing countries and small island developing states are all sub-groupings of developing countries.
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