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Which of the following is the main determinate of a country’s wealth? a. Land b. Labor...

Which of the following is the main determinate of a country’s wealth?

a. Land

b. Labor

c. Capital

d. Natural Resources

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Answer #1

Answer) There is no singular determinant of a country's wealth. This is because if a country lacks in even one of the above stated factors, it has no possibility of wealth generation and hence, no wealth at all. All of these determinants work together to help a nation be wealthy. For example, if a country does not have adequate skilled or unskilled labor, the utilisation of natural resources, land or capital is minimal. Similarly, when there is no capital, the natural resources will not be accessible. And without natural resources, the labor will have nothing work on. And without land, the existence of the nation is improbable.

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