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Dear Student,
a. The 'standard of living' of a country
b. means the average person's share of goods that the country
produces. A country's standard of life
c. therefore depends first and foremost
d. on its capacity to produce wealth.
e. 'Wealth" implies the things money can buy:
f. Both goods and services. A country's
g. capacity to produce wealth depends on
h. on each other. Wealth depends to a great
i. extent on a country's natural resources,
j. such as coal, gold, etc.These are unevenly
distributed throughout the world.
k. The USA is the wealthiest in natural
l. resources; the Sahara Desert is the least wealthy.
Hope this is helpful.
Regards
a. The 'standard of living' of a country
b. means the average person's share of goods that the country
produces. A country's standard of life
c. therefore depends first and foremost
d. on its capacity to produce wealth.
e. 'Wealth" implies the things money can buy:
f. Both goods and services. A country's
g. capacity to produce wealth depends on
h. on each other. Wealth depends to a great
i. extent on a country's natural resources,
j. such as coal, gold, etc.These are unevenly
distributed throughout the world.
k. The USA is the wealthiest in natural
l. resources; the Sahara Desert is the least wealthy.
Hope this is helpful.
Regards