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Norway is often cited as a country that effectively distributes its oil wealth to benefit all citizens through its sovereign wealth fund, the Government Pension Fund Global. The fund is designed to invest oil revenues for the long-term benefit of Norwegian citizens, ensuring that current and future generations can benefit from the country's Natural Resources.

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What percent of US wealth do the rich 1 percent control?

The top 1% of the wealthiest Americans control about 40% of the country's wealth. This disparity in wealth distribution has been a topic of debate, especially in discussions about income inequality and economic opportunities.


Is Columbia a rich or poor country?

Columbia is considered a middle-income country. It has a diverse economy with industries such as oil, mining, agriculture, and services contributing to its overall economic stability. While there are disparities in wealth distribution within the country, Colombia is not classified as a poor country.


What are the problems of third world countries?

Poverty stemming from corrupt governments and dictators that take the precious wealth from said country for themselves, while leaving their citizens in stark poverty and diaspora; when consensus goes down violence goes up.


How many people rule in a democracy?

There is not necessarily a set number of people that are voted for in democracy's it all depends on the size of the country in question. However people in power in a democracy are not rulers the are representatives of the citizens.


Which countrey is the richest one in the world?

The United States is the richest country in the world. One way of measuring this is gross domestic product (GDP), which is the amount of goods and services in a year produced by a country. According to the World Bank, the US GDP is 14 Trillion. The next richest country is Japan with five trillion and then China with about five trillion. Sometimes the places of second and third will differ by using measurements by the International Monetary Fund or the CIA World Factbook, but the US is still number one. The European Union will appear number one with 16 trillion in terms of GDP too, but they are a aggregate of many countries.

Related Questions

What is the relationship of a country's wealth and the life expectancy of its citizens?

If the life expectancy is high, then the wealth of the country will be high as well


Who wanted ordinary citizens to control the country's wealth and land?

Karl marx


Which act is an important component of the gross domestic product?

Gross Domestic Product or GDP is a term to describe the economic situation in a country, for the most part. As such one significant component is wealth that an important industry creates by selling its products overseas and making a profit doing so. Wages within the home country benefit the citizens and the economy overall.


The belief that the wealth of a country should be shared equally among all its citizens?

Socialism.


How might citizens most likely react to their country's imperialist activities during the age of discovery?

Citizens would be excited and proud about the increased power of their country - APEX


Belief that the wealth of a country should be shared equally among all its citizens?

The wealth of a country should not be shared equally among its citizens. America already has that. It's called Welfare. People who work send in their hard earned money to pay people who don't work. i think the question is asking what this is called... it is mercantilism... mercantilists believe that the wealth of a country should be shared equally among its citizens.... hope this helps!!


What country has most personal wealth?

As of 2023, the United States holds the title for the country with the most personal wealth, boasting a significant concentration of wealth among its citizens. Factors contributing to this include a robust economy, a large number of billionaires, and a high GDP per capita. Other countries with notable personal wealth include China and Japan, but the U.S. remains the leader by a substantial margin.


Which economic system consisted of colonies making for the mother country?

The economic system in which colonies produced goods primarily for the benefit of the mother country is known as mercantilism. This system emphasized the accumulation of wealth through a favorable balance of trade, where colonies supplied raw materials and resources to the mother country, which in turn manufactured goods for export. The goal was to enhance the economic power and self-sufficiency of the mother country while limiting the colonies' economic independence.


How did the roman government use denocracy?

During the republic, the Roman magistrates were all chosen by popular election. Citizens voted according to their tribal affiliations and according to their wealth status.During the republic, the Roman magistrates were all chosen by popular election. Citizens voted according to their tribal affiliations and according to their wealth status.During the republic, the Roman magistrates were all chosen by popular election. Citizens voted according to their tribal affiliations and according to their wealth status.During the republic, the Roman magistrates were all chosen by popular election. Citizens voted according to their tribal affiliations and according to their wealth status.During the republic, the Roman magistrates were all chosen by popular election. Citizens voted according to their tribal affiliations and according to their wealth status.During the republic, the Roman magistrates were all chosen by popular election. Citizens voted according to their tribal affiliations and according to their wealth status.During the republic, the Roman magistrates were all chosen by popular election. Citizens voted according to their tribal affiliations and according to their wealth status.During the republic, the Roman magistrates were all chosen by popular election. Citizens voted according to their tribal affiliations and according to their wealth status.During the republic, the Roman magistrates were all chosen by popular election. Citizens voted according to their tribal affiliations and according to their wealth status.


What two things brought wealth to the Pharaohs during the New Kindom?

The two things that brought wealth to the Pharoahs were their power and their loyalty to his/her citizens


What is the benefit of hunting whales?

As with most commercial hunting, the benefit is wealth to the individual that carries out the hunting and a useful commodity to the end user.


What do taxes do for our country and citizens?

Taxes provide essential funding for government services and infrastructure, including education, healthcare, public safety, and transportation. They help redistribute wealth to support social programs that assist low-income individuals and families. Additionally, taxes contribute to the overall stability and growth of the economy by enabling investments in public goods and services that benefit society as a whole. Ultimately, taxes play a crucial role in maintaining and improving the quality of life for citizens.