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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 »

www.reference.com World View Social Sciences Economics

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 »

www.reference.com Government & Politics Social Services

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 »

www.reference.com World View Social Sciences Economics
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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 »

www.reference.com Hobbies & Games Puzzles & Brainteasers

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 »

www.reference.com World View Social Sciences Economics

A pro of national debt is that it is a good way for countries to get extra funds in the short term to invest in economic growth, whereas a con is the risk of accumulating too much debt. The federal government borrows mon... More »

www.reference.com World View Social Sciences Economics

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 »

www.reference.com World View Social Sciences Economics