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The capital-to-labor ratio is high in rich countries.
What is the capital-to-labor ratio?
The capital-to-labor ratio is the ratio of capital to labor. Capital include machineries needed for production and labor refers to workers that carry out production.
In rich countries, the capital-to-labor ratio is high because there are more capital available to labor compared to poor countries.
To learn more about the capital-to-labor ratio, please check: https://brainly.com/question/4394038
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