A fictional country made Guilder has a population with higher levels of income t

Question

A fictional country made Guilder has a population with higher levels of income than other near nearby countries. This extra income has been a success in the past for Guilders manufacturers because they can market their goods and wares with great success. This year, however, much of the population already owns many of the products produced in Guilder. Thus the products made in Guilder have reached market saturation. This type of market experience happens in which type of economically classified country?
a. an industrialized nation
b. less developed nation
c. developing nation

Explanation / Answer

1. A. An industrialized nation.

This is because while a less developed nation does not have the capacity to produce the required amount of goods to reach the point of saturation and developing countries still have the potential to develop their infrastructure and capabilities further. It is an industrialized nation that has seen saturation in the marker due to the fact that they have over utilized a certain element that they had enjoyed a monopoly of, in the market and new the demand is decreasing with time or due to other factors, and they do not have the capacity to make further changes to their structure to produce newer goods.

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