The main reason some nations have higher average living standards than others is that some nations have higher levels of productivity.
What are the characteristics of a developed country?
The degree of industrialization of a country is a factor that interferes in its social indicator HDI (Human Development Index), which is calculated according to the living standards of a population, such as per capita income.
Therefore, the higher the country's GDP, the greater its level of development, greater job opportunities, consumer power and commercial alliances of the country, thus increasing the living standards of the population.
Find out more about Human Development Index here:
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