Compared to developed nations, developing nations have low high per capita income and GDP.
<h3>What are the difference between
developed nations,
developing nations?</h3>
The countries that are facing the beginning of industrialization are been regarded the Developing Countries.
In conclusion the Developed Countries have low per capita income as well as GDP as compared to Developing Countries., hence Compared to developed nations, developing nations have low high per capita income and GDP.
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Answer:
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Explanation:
The question is asking to state what do it means when we refer to the division of labor, base on my research and in the given choices, I would say that the answer would be <span>B. The specialization of jobs in the medical field. I hope you are satisfied with my answer and feel free to ask for more </span>
The three main characteristics of an efficient property rights structure: exclusivity, transferability, and enforceability.
In standard economics, property rights refer to a bundle of entitlements defining an owner's rights, privileges and limitations to the use of a resource.
Property rights terms refers to social institutions and to not any inherent natural or physical qualities of the resource.
Exclusivity: All the prices and benefits from owning a resource should accrue to the owner.
Transferability: All property rights should be transferable from one owner to a different in an exceedingly voluntary exchange.
Enforceability: Property rights should be secure from seizure or encroachment by others.
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