Countries with high per capita GDP have institutions that make it in people's self-interest to invest in:

Question

Quizplus · Accepted Answer

Countries with high per capita GDP have institutions that make it in people's self-interest to invest in all factors of production, including physical capital, human capital, technology, and natural resources. These institutions include secure property rights, a reliable legal system, stable macroeconomic policies, and a conducive business environment. By providing incentives for individuals and corporations to invest in these factors of production, these institutions contribute to sustained economic growth and higher living standards.

Countries with High Per Capita GDP Have Institutions That Make