Although studies show that people from rich countries are generally happier than those from poor countries, the same studies indicate that poor people lead more meaningful lives. People from rich countries have more thin... More »

Some of the most obvious advantages of public welfare include a greater level of equality amongst citizens, happier people, and less crime. Some of the greatest disadvantages of welfare include high tax rates and large g... More »

The wealth or poverty of nations depends primarily on intrinsic factors: geography, climate and availability or lack of resources. Having a geographic location proximate to large, thriving population centers plays a larg... More »

The answer to this riddle is "nothing." Nothing is greater than God, and nothing is more evil than the devil. The poor have nothing, while the rich need nothing. Finally, if you eat nothing, you will die. More »

Geographical, political and cultural factors can all contribute to a country being poor. Factors as diverse as climate, natural resources, political corruption, government instability and population can all have adverse ... More » World View Social Sciences Economics

The United States, Canada, Australia, Germany, France, Japan and South Korea are a few of the developed countries in the world. A country is classified as developed when it is a sovereign state with a strong economy and ... More »

Mercantilism, or mercantile system, is a political economic system whereby countries restrict imports and encourage exports. The rationale is to balance foreign trade in such a way that would increase revenue without neg... More »