Land, sometimes called natural resources, is the most critical factor of production in explaining why some countries are poor while others are rich.

Question

Quizplus · Accepted Answer

While land or natural resources can be a factor in a country's prosperity, it is not the only determinant. Other factors such as technology, education, political stability, and economic policies also play a significant role in a country's economic development.

Land, Sometimes Called Natural Resources, Is the Most Critical Factor