Answer:
International division of labour.
Explanation:
The separation of work into number of tasks is known as division of Labor.
It is important for the economic progress because it allows the people to specialise in particular tasks. The specialisation makes them more efficient and reduces the cost of total production.
International division of labour is the process that occurs when the production in not limited to national economies. According to the "old " International division of labour the underdeveloped countries were incorporated in the world economy as the supplier of agricultural commodities and minerals, It lasted till 1970's. While according to the theory of New International Division of Labour(NIDL) the manufacturing is shifting from advanced capitalist countries to developing countries.
They all aloud people get involved into it.
hope that this helps you. =)
In economics, a circular flow model is a diagram that is used to represent the monetary transactions in an economy.
There are two flows present within the model including flows of physical things (goods or labor) and flows of money (what pays for physical things).<span>The circular flow of income follows a specific pattern: Production → Income → Expenditure → Production.</span>The production possibility frontier can be used to illustrate the circular flow model.Economists use data, statistics, and natural experiments in order to make economic "laws" that explain general patterns.<span>.</span>
The industrial revolution was a shift from the old methods of manufacturing to the new methods, this took place from 1760 to sometime between 1820 and 1840. After the industrial revolution, areas which were rich in its resources such as rubber and petroleum began to become the colonies of the European powers
The correct answers are B) salt was used as a form of currency and D) salt was used to preserve food.
<em>The two factors that explain why salt was so valuable to West Africans are salt was used as a form of currency and salt was used to preserve food.
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Salt for West Africans was of the utmost importance. It served as a currency that allowed themto trade gold for salt. Yes, salt was a necessary element for people to survive because salt was used to preserve food. West Africans knew how to find grains of salt from the river beds after rainfall. People from the North of Africa had abundant gold, but no salt. So they often traded gold for salt with Western Africans. So the two factors that explain why salt was so valuable to West Africans are salt was used as a form of currency and salt was used to preserve food.
