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The Forum of Rome was an area surrounded by government buildings, area for elections, speeches, trials, and the buying and selling of goods. This can be compared to modern-day Capital of the United States Washington D.C. which is often referred to as the center of US government.
Three characteristics Capitalism and Socialism share<span> are they both rely on capital, ownership and control of the means of production</span>
Improved Telecommunications is the major development that has decreased the need for spatial proximity and motivated relocation of back office functions to developing countries.
Telecommunications is the exchange of information over a particular distance through electronic means and devices with respect to voice, video and data transmission. This has broken barriers of communication and has eased the process of connecting clients through various mediums. With Telecommunications, developing countries have made major improvements in flexibility and collaboration between colleagues.
Some of the important telecommunication devices are telegraph, telephone, radio, television and the internet. As it allows for ease of communication, it has encouraged sectors like Human Resources and Information Technology.
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