Quoting: truebrit, Post #12
So why does the UK have a bigger economy than Germany,Russia,Nigeria,Indonesia which all have larger populations?
UK dosn`t have a larger economy than Germany - as you know Germany has the largest population in Europe - and it also Europes largest economy.
Everything depends on the efficiency of the workers (both white and blue collar staff) - this efficiency is being determined by:
- the culture of a particular country as well as its religion - which determines the general atitude of the people torwards work - as well as consumption.
- the political system of a country and state policy - which allows that atitude to be turned into reality.
If those two factors are optimal then every additional citizen creates an added value to the economy.
However if those two factors aren`t optimal then the country isn`t using its full potential. The examples of that are Russia (which is optimizing the use of its potential), Nigeria as well as Indonesia.