Question

. 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.

Answer 1

Answer:

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Explanation:

Differences in the economic growth rate of nations often come down to differences in inputs (factors of production) and differences in TFP—the productivity of labor and capital resources. Higher productivity promotes faster economic growth, and faster growth allows a nation to escape poverty.