Which are immediate causes of the wealth of nations?

Question

Quizplus · Accepted Answer

Technical knowledge and human capital are immediate causes of the wealth of nations as they enable countries to efficiently use their resources and develop innovative technologies, products, and services. Skilled labor, advanced education systems, and investments in research and development are some factors that contribute to the accumulation of human capital and technical knowledge.

Answer: D 
 Property rights and honest government are also immediate causes of the wealth of nations as they create a favorable business environment that encourages investments, entrepreneurship, and innovation. Strong property rights protect individuals and firms' legally defined rights to use, control, and transfer their assets, while an honest government ensures that laws and regulations are fairly enforced and corruption is minimized. Together, these factors create incentives that facilitate economic growth and development.

Therefore, both options B and D are good choices with valid explanations.

Which Are Immediate Causes of the Wealth of Nations