墨尔本PTE Summarize written text 总结归纳段落 22
2015/05/31墨尔本PTE Summarize written text 总结归纳段落 24
2015/05/31
Read the passage below and summarize it using one sentence. You have 10 minutes to finish this task. Your response will be judged on the quality of your writing and on how well your response presents the key points in the passage.
Why are the citizens of some nations rich while the inhabitants of others are poor viagra preço? It is surely true that ample endowments of energy, timber, and fertile land all help raise wealth. However it turns out that natural resources are only a very small part of the answer. Far more important in determining the wealth of the citizenry are the fundamental political and legal institutions of a nation. Institutions such as political stability, secure private property rights, and legal systems based on the rule of law create the incentives that encourage people to make long-lived investments in improving land, and other forms of physical and human capital. These investments raise the capital stock, which in turn provides for more growth long into the future. The cumulative effects of this growth over time eventually yield much higher standards of living: they make the citizens rich.
Although ample endowments of energy, timber and fertile land all help to increase wealth, they only contribute a small part as compared to political and legal institutions which create incentives that encourage people to make investments that help to raise stock, which in turn yields much higher standards of living.
