Why do some countries have a low real per capita income low, Ask an Expert

Economics

Why do some countries have a low real per capita income?

Low real per capita income considers being largely due low productivity (i.e., output per worker) of low valued added products.

Low productivity is the consequence of:

• Low skill as well as educational levels along with

• Restricted access to inefficient complementary factors for example, outdated capital and poor management.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9579488

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