If They Wish to Create More Wealth,poor Nations Should Focus

question 135

True/False

If they wish to create more wealth,poor nations should focus on policies that increase entrepreneurship and the effective use of knowledge.
Poor nations often have plenty of labor and land,as well as access to capital.However,the absence of entrepreneurship and knowledgeable workers seems to be the reason that most poor countries remain poor.

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Definitions:

Direct Labor

The labor costs directly associated with the production of goods or services, including wages of workers who are directly involved in manufacturing.

Net Cash Inflows

The difference between all cash inflows and outflows within a given period, indicating a company's ability to generate cash.

Payback Period

The time it takes for an investment to generate an amount of income or cash equal to the cost of the investment.

Average Income

The mean amount of money earned over a specified period by an individual or entity.