Monaco has a population of roughly 38,000 people, with one in every three millionaires. The secret to the country's wealth is taxation, which has the highest per capita GDP in the world. No part of the population of Monaco lives in poverty.
Monaco is a magnet for super-wealthy individuals, who have driven up real estate prices. The demand for real estate is tremendous, supply is limited, and prices are sky-high.
The Principality of Monaco, on the other hand, has no single airport and is therefore connected to the rest of the world via trains running down the French coast, its huge port, which receives many of its commodities, and vehicles via fairly twisting roads.
There is no place for an airport here due to a serious lack of space and a population of about 40,000 people.
However, by reaching an agreement with the neighboring city of Nice, the princely realm has overcome the problem of not having an airport.
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