Identify and describe four common characteristics developed countries have that give them an advantage over less-developed countries.

These characteristics include availability of natural resources, stable political systems, a skilled population and social services that supports the skilled population. Natural resources can be exploited to gain wealth. They attract investors and provide jobs for the population while increasing the wealth of the country. A stable political system is essential for businesses and governments to thrive. Wars are costly. A skilled population is essential to fuel the economy as they help to exploit natural resources and for developing entrepreneurial ventures. Human resources are developed by having social services such as education, health and recreation.

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