Why are some nations rich and others poor?
i. Political stability
ii. Property rights protected by the rule of law
iii. Unlimited government intervention

Question

Quizplus · Accepted Answer

Political stability and the protection of property rights by the rule of law are crucial factors that contribute to a nation's wealth. Political stability ensures a predictable environment for economic activities, while protected property rights encourage investment and innovation. Unlimited government intervention, however, can lead to inefficiencies and corruption, hindering economic growth.

Why Are Some Nations Rich and Others Poor