The
propensity to trade, barter and exchange is as old as man. However, there are limits to the benefits of
trade. Be it in rural hamlets or
isolated city-states, the division of labor and gain from exchange is bound by
the variety of locally available resources and technologies. The greater the area of trade, the greater
the potential variety from which to benefit.
Click here to read full article
©
Russell Investments 2013. All rights reserved. Reprinted with permission.
