List and describe at least four reasons why some countries are rich and some are poor. You may use books available at home or you may research online.
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The development of a country depends on its GDP i.e. Groos domestic product.
Explanation:
- The number of total products and goods produced in a country per year is known as its GDP. It determines the living standards of the country.
- If a country generates more goods and products than its economy will grow better.
- Institutions also play a key role in generation incentives for people.
- International trade between countries is also an important factor for economic growth.
- Low labor and capital resources also affect economic growth.
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Some countries have more resources as compared to other nations such as Technology.
Explanation:
Being rich in terms of resources is a great asset for every nation. One need to hardness the energy potential of the resources of the country in order tp be prosperous.
- Many factor that make a country rich and other poor are :
- Land mass (defense/war and political purposes)
- Natural resources (mineral, raw materials and more)
- Technology (infrastructure, facilities and services)
- Economic growth, hard-working people, high per capita income.
Learn more about the List and describe at least four reasons why some countries are rich and some are poor.
- brainly.in/question/19171310 answered by Fatimakincsem.
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