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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.
What else can I help you with?
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?
http://www.globalrichlist.com take a look for yourself! There are many more poor people in the world than rich. If you have access to a pc to ask this question...consider yourself one of the rich.
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?
No. Her family never had that much money. That is why she immagrated to the US to find a better life and earn money for her and her family.
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.
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 Amritsar a rich or poor country?
Lots of people are rich some are poor and than there leaves the mid people
Do lonely rich women like poor guys?
Yes, some rich women do like poor guys.
