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Because it has a very small population, so there is less stress on its political and social systems. Take countries like India and China, with their populations reaching into the Billions they both have low standards of living because their resources have to reach so many people. In Luxembourg there is enough for everybody so to speak!
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∙ 12y ago
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How has Luxembourg maintained a high standard of living?
changing from an economy once dominated by steel manufacturing to a service industries and high-tech firms based economy.
What is western Europe Standard of Living?
has a high standard of living.
In what way is Belgium rich?
Its because Belgium has a high living standard
How does the literacy rate affect the standard of living in Africa?
high standard of living= high GDP and vice versa
Is madagascar's standard of living high or low?
the answer is high
Which country on the above chart best shows that a country with a high literacy rate will also probably have a high standard of living for its citizens?
The higher the education the higher the standard of living because people can earn more money.
Is Great Britain a medc?
Great Britain is MEDC, because it has a high standard of living and its economically developed
Why do the people of Singapore enjoy a high standard living?
Peole in Singapore enjoy a high standard living it has one of the most productive economics.
Why do people of Singapore enjoy a high standard of living?
Peole in Singapore enjoy a high standard living it has one of the most productive economics.
What is South Africa's standard of high or low?
low standard of living
Does the Brunei has high standard of living?
yes
Is Switzerland expensive?
Yes. This is because of the high standard of living and its high wage. But that's not all. it's also because of the oligopolistic-corporatist structure of Swiss industrial.
