International Trade and Growth Within Countries
What are some of the traits a developed nation has that a less or undeveloped nation does not have
What are some things that can help increase the wealth of a nation and its inhabitants?
Initial post must be 75 to 150 words, but may go longer depending on the topic. Please cite any outside sources.
preview of the answer..
There are certain traits that the developed nations have the developing ones do not have. The first trait is high developed level of infrastructure. Most developed nations have high developed levels of infrastructure which ensures that goods and services are transported to markets within the shortest times possible. The developed infrastructure also reduces the cost of transporting raw materials to manufacturing plants and finished products to markets. This is not case with developing nations which have poorly developed infrastructural facilities (Mahmood, 2013).
The other trait is the high purchasing power of the citizens in developed nations. This ensures that the finished products have ready markets. This is not the case in developing nations …
248 words APA