Asked by Nakaila Lovett on Jun 30, 2024

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Wages are high in poor countries because businesses are run efficiently.

Industrial Market Economies

These are economies characterized by significant industrial activity, where goods are produced using advanced technological means.

Sub-Saharan African

Referring to the geographical area of the African continent that lies south of the Sahara Desert, characterized by diverse cultures, languages, and economies with varying levels of development.

Poor Countries

Poor countries are those with low levels of economic productivity, insufficient incomes, and a general standard of living considered below acceptable norms.

  • Comprehend the economic and social indicators reflecting stages of development among countries.
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Christopher DarbyJul 04, 2024
Final Answer :
False
Explanation :
Wages are typically low in poor countries due to a combination of factors such as low productivity, lack of access to capital, weak labor protections, and limited technological development. High wages are typically a sign of strong productivity and efficiency in the economy.