Countries with an inadequately trained work force and few entrepreneurs often achieve the highest levels of income by relying on a large number of workers.
Poor countries often have plenty of labor and access to adequate capital.However,the two factors of production that are most critical in generating national wealth are entrepreneurship and knowledge.A country found lacking in these will experience relatively low levels of income.

Question

Quizplus · Accepted Answer

Countries with inadequately trained workforces and few entrepreneurs typically do not achieve high income levels, as entrepreneurship and knowledge are crucial for generating national wealth.

Countries with an Inadequately Trained Work Force and Few Entrepreneurs