The amount of time required for something to happen. For example, production lead time would be the length of time required to produce a good once the work order has been placed to the factory, including any lead times for…
Read MoreLess developed country (LDC)
A country showing: (1) a poverty level of income; (2) a high rate of population increase; (3) a substantial portion of its workers employed in agriculture; (4) a low proportion of adult literacy; (5) high unemployment; and (6) a significant…
Read MoreLesser developed country (LLDC)
The classification LDC was developed by the United Nations to give some guidance to donor agencies and countries about and equitable allocation of foreign assistance. The criteria for designating a country an LLDC include low per capita income, literacy, and…
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