Just by having money doesn't make a country rich. It's whatthe country can produce that makes a country rich. Inflation/deflation is all around us. Have you notice any price changes in the everyday purchase you make? Venezuela is currently having the highest inflation in the world. It's problem is more political than economical. There are many poor millionaires in Venezuela. Yes! I said "poor millionaires". It's all because of inflation in the price level and devaluation in the currency.? explain

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You are correct that simply having money does not make a country rich The wealth of a country is determined by its productive capacity and the goods a... View the full answer