Independence versus Connectivity
The division of labor is the fundamental principle our society is built upon today. It is the origin of welfare and the reason why capitalism succeeded over socialism. 298 more words
I’m in Muscat, Oman, for a month. I’ve been here for a week and a half and it’s been an interesting experience.
My impression thus far is that there are two Muscats. 996 more words
The concept refers to the fact that the spread of markets and production processes worldwide has created a growing differentiation of economic activity resulting in the specialization of particular countries in distinct branches of production, whether this be in certain products, or in selected parts of the production process. 270 more words