Question

WHY DOES SOME CONTRY HAVE LOW ECONOMIC VALUE , BUT SOME COUNTRIES HAVE HIGH ECONOMIC VALUE ?
CLASS 8
NO SPAM
CORRECT ANSWERER GETS 7 THANKS ​

Answer 1

Answer:

factors - some countries have very high levels of debt . This means that they have to pay a lot of money in interest and repayments and there is very little left over for development projects. Environmental factors - some places experience environmental issues, which can prevent them from developing.

Answer 2

Explanation:

Economy depends upon four major fators the size of workforce , capital , labour and technology level .

Some countries have more capital (GDP) , developed technology, educated human force and good geography ( physical structure / location ) then it is certain that the country will have good output or high income .

Where as countries where technology is still developing , the people are not much educated , or it suffers from natural disasters then it becomes difficult for them to run along side other countries . And they suffer from a low economy.

HOPE IT HELPS ....