The modern world is a very different place from the world that existed 50 years ago. Our knowledge of ourselves and our universe has increased, infrastructures have become globalized and technological developments have revolutionized the way we communicate with each other.
A fixed factor<span> of </span>production<span> is one who quantity can not be changed. Examples include major pieces of equipment, suitable factory space. A variable </span>factor<span> of </span>production<span> is one whose usage rate can be changed easily.</span>
One of the most important elements of Wilson's Fourteen Points was that there needs to be an international system that encourages cooperation between countries (especially in Europe) instead of competition.
