why some countries are rich (USA for e.g)and why some countries are poor (Kenya for e.g)?
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why some countries are rich (USA for e.g)and why some countries are poor (Kenya for e.g)?
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Answer:
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.
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