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The high standard of living in Norway is primarily based on its rich Natural Resources, particularly oil and natural gas reserves in the North Sea. These resources have enabled the country to develop a robust welfare state, providing extensive social services, healthcare, and education. Additionally, Norway's prudent management of its oil revenues, including the establishment of the Government Pension Fund Global, has helped ensure long-term economic stability and prosperity. This combination of resource wealth and effective governance contributes to the overall high quality of life for its citizens.

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1w ago

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