U.S.and Lybia Economy

The economic stability between the United States and Libya is exceedingly distinct. The U.S. has a better stability not only because the country is more develop but also because the education, health, info structure, and labor are higher than what Libya has. In addition, the standard of living and the factors of production in Libya are very deprived. The U.S. has better literacy than Libya. More people in the U.S. know how …

…S. In conclusion, the United States has a better economy when comparing it to Libya. Libyas lack of technology has affected the economy. Not only the technology has affected the economy but also the education and much more. The standard of living is also one of the factors that affect Libyas economy. The factors of production will also keep affecting Libya since the labor is very pitiable. Therefore, Libyas economy will keep on receiving damages.