What are 'emerging markets' characterized by?

Emerging markets are defined as countries that are in the process of transitioning from developing economies to more advanced economic conditions. This transition often includes improvements in various indicators of economic health, such as GDP growth, industrialization, and urbanization. These countries typically experience rapid economic growth and an expanding middle class, which can contribute to increased consumer spending and investment opportunities.

The characteristics of emerging markets often include a growing workforce, improvements in regulatory environments, and a rise in foreign direct investment. As they progress towards more developed status, these economies may also witness advancements in infrastructure and reduced barriers to trade, enhancing their integration into the global economy.

The other options do not accurately represent the nature of emerging markets. Stagnant economic growth is contrary to the dynamic nature of these economies. Advanced technological infrastructures imply a level of development that emerging markets are striving to achieve rather than currently having. High levels of wealth distribution do not typically characterize emerging markets, which often face issues related to income inequality as they grow.