Explain the definition of a country being rich from an economic point of view.

Can We Have a World Without Poverty?
There are 195 countries in the world with more poor countries than rich countries.
You have to compare Switzerland and Haiti
Which country is a richer country? Switzerland or Haiti?
Explain the definition of a country being rich from an economic point of view.
Explain the reasons why one of the above countries is richer than the other.
Draw a production possibility frontier (without using any numbers) reflecting Switzerland’s production possibilities and another production possibility frontier for Haiti (You must draw two production possibilities frontier). Show or indicate which country’s production possibilities frontier is bigger.
What kind of policies can be implemented between rich and poor countries to create a more equal world? or to create a better world without poverty.

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