Why do developed countries like Japan and Germany exhibit greater labor productivity compared to less developed countries?

Show Answers

Extensive formal education and skill developmentSuperior health status and physical well-being of workersBoth extensive education and better health conditions contributeNeither education nor health factors play a role

Explanation

Labor productivity in developed nations such as Japan and Germany is higher because their workforce benefits from both advanced formal education and training, as well as improved health and physical conditions. Therefore, both factors together enhance productivity.