Suppose a country has well-enforced private property rights for entrepreneurs, but a large fraction of the population
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Suppose a country has well-enforced private property rights for entrepreneurs, but a large fraction of the population does not have access to education and thus cannot become entrepreneurs. Moreover, their productivity as workers is low. Would you say that this country has inclusive economic institutions? Is it likely to achieve a high level of economic development?
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Related Book For
Macroeconomics
ISBN: 9780367752279
Global Edition
Authors: Acemoglu Daron, Laibson David, List John.
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