Title: Why Are Some Countries Rich and Others Poor?
Course: Indiana Economics Sample Syllabus > Section: Unit 1: Scarcity & Economic Reasoning

Over 200 years ago, Adam Smith attempted to explain why some nations are wealthier than others. Today, the gap between rich and poor countries is even larger. This issue of Page One Economics describes how total factor productivity contributes to economic growth and how growth leads to a rising standard of living.