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. This country is likely to have

Question

Social Studies

Josiah Hardin

23 July, 01:32

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. This country is likely to have

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Kingston Cline · Answer 1

Little to no inclusive economic institutions

Explanation:

Economic inclusion could be defined as the indulgence and in essence equal opportunities for all to participate fully in the economic life of their country as employers, entrepreneurs, consumers, and citizens.

The statement above does not reflects a country that may have the the intention for economic inclusion but have not made the necessary facilities (support of inclusive economic institutions) available to make this achievable such as the fact that citizens lack education.