Rich countries are rich because ........

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Rich countries are rich because

All of them have greater reserves of natural resources than any developing country.

They have made adequate investment in the health, education and training of their workforce.

All rich nations are democratic.

All of the above.

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Explanation:

Option A: Africa is resource rich whereas, many rich nations like Scandinavian countries are not resource rich.

Option B: Human capital (through education, training, medical care) yields a return just like investment in physical capital. This can be seen directly in the form of higher incomes earned because of higher productivity of the more educated or the better trained persons, as well as the higher productivity of healthier people.

Option C: Many poor nations are democratic, e.g. Zimbabwe, whereas many rich nations like Saudi Arabia are monarchies.