Specialization

The method of production whereby an entity focuses on the production of a limited scope of goods to gain a greater degree of efficiency.

Episode 586: How Stuff Gets Cheaper - Planet Money

Today on the show, we visit a company called Monoprice. And we go into a room where people sit all day and try to make stuff get cheaper.

What Caused The Economic Boom of Wealth - Learn Liberty

In this Economics Made Easy video, we talk about the history from where we started to where we are today, because of the economic boom of wealth in our modern society.

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