Economies in wealthier countries are more diversified than those in poor countries.

Question

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Wealthier countries often have the resources, infrastructure, and institutions necessary to develop a wide range of industries, including manufacturing, services, and technology, leading to a more diversified economy. Poor countries, on the other hand, may rely heavily on a limited number of sectors, such as agriculture or resource extraction, due to constraints in capital, technology, and skilled labor.

Economies in Wealthier Countries Are More Diversified Than Those in Poor