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The Cause Of Poverty In South America

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The Cause Of Poverty In South America
An abundance of natural resources and labor forces never necessarily entails a country’s economy. More specifically, South America faces poverty due to the a few factors of production, land, labor, and capital. People’s first instincts would be to say that South America is not “poor” due to its high supply and demand of natural resources. However, poverty exists due to much more than that. From an economic standpoint, South America is not only reluctant to selling all of its natural resources, but they are also willing to create sustainability for future generations.
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