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What do you think are the reasons why every country has different levels of

economic development?

An overall increase in a country's quality of life is an indicator of financial progress.


Economic development improves a country's wealth but measuring the growth may not
be easy. Not all growing country is developing country. It is complicated and
multifaceted. There are many factors that contribute to the substantial inequalities in
development results. It's far more pronounced within nations than it is between them.
Some people are able to achieve incredible things, while others are deprived in both
absolute and relative terms. Was true for advanced civilizations like the United Kingdom
and the United States becomes even more relevant for most developing countries but
not all of them. Not all the government in different country came down in similarities of
input and outputs that is why, every country has different levels of economic
development.

There are many factors that contribute to the substantial inequalities in


development results. There is a large body of literature that attempts to explain
outcomes based on natural resource endowments, geography, history, culture, or other
factors that may exist. This may also be attributed to a variety of physical and human
factors. A country's development is also influenced by factors such as the climate and
the style of governance. No two countries are alike. But it's still feasible to identify a
variety of elements that influence growth. More than one economist has documented
how patterns in the distribution of resources favour the elites, leading to "capture" as
well as predatory institutional development. In the economy, the government has its
role and it affects the overall performance of the economy. Indeed, the government
must seek to figure out what drives economic growth.

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