199k views
5 votes
A country with a economy generally has a high standard of living.

User Donato
by
8.9k points

2 Answers

5 votes

Answer:

a country with a free market economy <3

Step-by-step explanation:

A country with free market economy generally has a high standard of living. It is basically a kind of economy in which all decisions regarding investment, production and distribution are totally dependent on the demand and supply of the market. I hope that this is the answer you were looking for and it has helped you.

User FFox
by
8.6k points
5 votes

Answer:

A country with a developed economy generally has a high standard of living.

Step-by-step explanation:

Countries with developed economies have a very high degree of industrialization, with a predominance of the tertiary (trade activities) and quaternary (knowledge-based services and information sharing) industrial sectors.

A relevant factor in relation to economic development is the Gross Domestic Product (GDP), which represents the monetary value of goods and services produced by a country in a year, being one of the main indicators of a nation's economic potential. Per capita income, which represents the average wage per person, is also considered in a nation's development classification. In developed countries, GDP and per capita income are high, and income distribution is generally homogeneous.

User Hakiem
by
8.1k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories