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Beyond all relevant historical/cultural factors, the simplest explanation of why countries are rich or poor is productivity. The economic wealth of a country, to a large degree, depends on its ability to produce goods and services. Since that production is a function of how productive actors are, higher productivity usually translates to higher economic output and thus higher wealth and vice-versa.
Brandy Ortiz
Countries can have varying levels of wealth due to factors such as historical development, access to resources, political stability, technological advancement, education levels, infrastructure, and trade policies. Countries that have managed to industrialize, invest in their human capital, and promote innovation tend to be wealthier than those facing challenges such as underdevelopment, political instability, or lack of access to resources.
paulbenn
The extent of raw materials, soil fertility, being a colony or a coloniser, the development of the means of production, etc.
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Are Arabs rich or poor?
There is a wide range of wealth among Arab populations, with some individuals and countries being very rich while others are poor. Economic conditions vary based on factors such as location, government policies, and natural resources. It is not accurate to make a blanket statement about all Arabs being either rich or poor.
Are there more rich people than poor?
In general, there are more people classified as poor or lower income compared to those classified as rich or wealthy. The distribution of wealth and income is typically uneven, with a smaller percentage of the population holding a large majority of the wealth.
What is worse being poor whole life or being rich and then becoming poor?
Both situations have their own challenges. Being poor your whole life can be difficult due to limited resources and opportunities. On the other hand, going from rich to poor can be emotionally and mentally distressing as it involves a significant change in lifestyle and loss of security. Ultimately, it depends on the individual's resilience and support system in either scenario.
Is pirkko ericson poor or rich?
There is no publicly available information on the financial status of Pirkko Ericson, so it is impossible to determine whether they are poor or rich.
Is it better to be rich or poor?
Being rich may provide financial security and access to better resources, but it doesn't guarantee happiness or fulfillment. Being poor can bring about different challenges and struggles, but a sense of community, resilience, and gratitude can often be stronger. Ultimately, what matters most is having good health, meaningful relationships, and a sense of purpose.
Why are rich people thin in rich countries and rich people are fatter in poor countries?
Because if your fat in a poor country, it means you have money to use on a lot of food. But that's just my educated guess. I have no idea why rich people are thin in rich countrys.
Is Asia rich or poor?
Asia is some what poor and and a little rich
Is jamacia a rich or poor country?
some people are rich and some people are poor you would want to be rich by: ravenne k
What are all the Medc's of the world?
the anser is the whole world and some of the people have not alot of money and some of the people are rich and some of the countrys dont have alot of life. the anser is the whole world and some of the people have not alot of money and some of the people are rich and some of the countrys dont have alot of life. There are more statistics that More economically developed countries are in the North and West.
Are people in Nairobi rich?
yes they are poor some are rich
Is China's people there poor?
some are very poor and some are really rich
Are people rich?
Some people are rich and some people are not rich, but doing ok, and some people are poor.
Is Bulgaria a rich or poor country?
Bulgaria as a country isn't poor but big part of the nation is.
Is Lebanon a rich or poor country?
It,s a rich country and it have some poor places
Why be rich when you are rich with love?
Get some money, poor person. Get a Job ;)
Are some homeless people rich?
Homeless people are not rich they are poor!
Is the U.S.A a rich or poor country?
some parts are rich and some are poor. In global terms, the USA is a very rich country, perhaps the richest, depending on the criteria you use.
