German Economy:
Water transport on rivers and railroads helped the economy grow.
Germany has expanded into research, engineering and technical activities.
Germany's investment in human capital through education has resulted in high literacy rates and productive workers.
Entreprenuership is strong in Germany. German entrepreneurs have an easier time starting a business and are more likely to succeed than in many other countries.
British Economy:
Britain was the first country to industrialize.
As an island country, Britain has many seaports.
Britain has invested heavily in human capital. As a result it has high literacy rates and a high standard of living.
Britain placed 9th out of 130 countries on entrepreneurial strength. It shows that Britain offers a good environment for starting and growing a business.
(2 points)
Responses
high investment in human capital
high investment in human capital
coastline for ports of entry and trade
coastline for ports of entry and trade
strong entrepreneurship helping a strong economy
strong entrepreneurship helping a strong economy
recent expansion into engineering and technical fields
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The two correct answers that the British and German economies have in common are:
high investment in human capital - Both economies have invested heavily in education, resulting in high literacy rates and productive workers.
strong entrepreneurship helping a strong economy - Both countries have environments that support entrepreneurship, making it easier for entrepreneurs to start and succeed in their businesses.
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