Both the United States and France, among the richest countries in the world, have similar levels of education and capital per worker, but the U.S. citizens enjoy higher incomes than the French. One explanation might be differences in:

Question

Quizplus · Accepted Answer

Differences in institutions, such as economic policies, legal systems, and government structures, can significantly impact economic performance and income levels between countries with similar education and capital per worker.

Both the United States and France, Among the Richest Countries