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ECONOMiC COMPLEXiTY
How many countries can make a product? Products that are made by very few countries are likely to be harder to make, i.e. more complex
In the Scrabble analogy:
How many letters (distinguished production capabilities) does each product require?
How many products does a country make? Countries that make many distinct products are likely to be more complex
In the Scrabble analogy:
How many words (different products, made of letters) can a country make from the letters it has?
The more products a place produces, and the more complex these products are, the more prosperous the place is
In the Scrabble analogy:
Places that have more letters should be able to make longer words -make products, that are made in fewer places
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