noun
a group of countries, especially in Africa, Asia, and Latin America, that are not as economically developed as other countries
adjective
relating to or characteristic of the Third World
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Many developing countries are often referred to as third world nations.
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People from third world countries often face challenges in accessing basic necessities.
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Some folks think third world countries are way behind in terms of development.
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In the business world, some companies are considered the 'third world' of their industry due to their lack of innovation.