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Name the one productive resource that all people own regardless of their wealth?
Even if you don't own any land or have any capital, one resource your guaranteed to own: labor. In a capitalist system, labor is the one resource that all members of society have, no matter how poor or rich they areType your answer here...
What is the book called the Wealth of Nations about?
Mainly, the Wealth of Nations is about the benefits of a free market economy and how the government should leave economic decisions to individual households and firms without regulation or intervention because it is argued to be more productive and beneficial for society.
Why is private property important in the America economic system?
Private property is important in the American economic system because people having the rights to risk investment, own productive assets, and learn new ways of producing; the invisible engine for creating wealth and prosperity for all.
What were Thomas malthus view on laissez faire?
Thomas malthus view on laissez faire was in hard to resource of wealth rather than a stock of individuals
Why does africas abundance of natural resources has not translated into economic wealth for most of its population?
Africa's abundance of natural resources has not translated into widespread economic wealth due to a combination of factors, including political instability, corruption, and inadequate infrastructure. Many countries rely on resource extraction, which can lead to a lack of diversification in the economy and vulnerability to global market fluctuations. Additionally, wealth generated from resources often benefits a small elite, while the majority of the population remains impoverished. Furthermore, external influences and exploitative practices by foreign companies can hinder local development and equitable distribution of resource wealth.
Name the one productive resource that all people own regardless of their wealth?
Even if you don't own any land or have any capital, one resource your guaranteed to own: labor. In a capitalist system, labor is the one resource that all members of society have, no matter how poor or rich they areType your answer here...
What is productive capital?
Productive capital are assets that are used to produce wealth. They are usually machines, factories, and other tools of mass production.
What other type of productive resource can people be?
People can also be considered a productive resource through their knowledge, skills, and abilities. This human capital is essential for driving innovation, creativity, and productivity in various industries and sectors. By continually developing and investing in human capital, individuals can contribute significantly to economic growth and wealth creation.
How did silk help people?
Silk helped people gain wealth in Ancient China. Silk was a valuable resource for trade. People got silk from silk worms.
Which natural resource has contributed to the wealth of the middle east?
Petroleum.
Who are the people who define health is wealth?
The smart ones. If you don't have good enough health to enjoy your wealth, even if it's modest, what good is the wealth - regardless of degree? Good health is the ultimate wealth. It is said that "Dead men tell no tales" True. Dead men also spend no money.
What resource produces most of Finland's wealth?
Oil and natural gas
What resource accounts for Venezuela's economic wealth?
i hate e2020 -.-t
What major resource did west Africa kindomsn control?
Mineral wealth
Who said that great wealth was a resource to be used to benefit others?
Andrew Carnegie
What nonrenewable resource provides venezuela with most of its wealth?
Tourism
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