why different countries have different levels of development
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Differences in levels of development between developing countries. There are many reasons, physical and human, to explain differences in levels of development between countries. Factors such as climate and government type are important to a country's development.
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Different countries have different levels of development because,
- While there are many factors at play, over the long run, the nations with the most free markets have greater and faster economic and social evolution, or environment adaptation.
- The brainpower and drive of the select few who create ideas, businesses, and shape the future are a nation's greatest resource.
- Of course, the adage that "necessity is the mother of invention" has been overused, but it won't be proven until individuals are empowered to fill those needs and driven by the advantages such inventions provide.
- Individuals may encounter various workplace and medical difficulties as a result. Labor productivity may differ greatly as a result. Numerous diligent workers and thrifty individuals reside in various nations. There's a good chance that these are aware of how to take advantage of these traits.
- In addition, some people enjoy starting wars and killing people. Diktators and other autocrats are no different.
- Corrupt practises and theft cause significant output losses in many less developed nations, which are widespread.
- As a result of the aforementioned, it can be concluded that there are various theories explaining economic growth and that individuals are frequently significant determinants of how economies develop differently. .
Hence, these are the reason for different countries have different levels of development.
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