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Content: Debt, Inflation, and Money – By Bob Blain
Modern Economic Problems by Frank A. Fetter
The Principles of Political Economy, and Taxation by David Ricardo
Political economy by William Stanley Jevons
The Wealth of the People: Your Wealth By Fernando Urias
The Wealth of the People: Your Neighbor’s Wealth By Fernando Urias
The Wealth of the People: The Wealth of the Market By Fernando Urias
Economics of Freedom : What Your Professors Won’t Tell You
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Specialisation and division of labour
Posted by Amiron                  October 1st, 2014                     | Updated on: January 26, 2016
Specialisationmeans concentrating the production on a chosen good or service for which a production unit(individual, firm or a country) is more able as far as resources of production are concerned. In other words, it means producing what we produce best. Specialisation is the production of a limited range of goods, and services by an individual firm or a country, in co-operation with others so that, together, a complete range of products can be produced. Specialisation also means that the resources are being distributed among small and competing uses at a particular industry or a nation. For example, Maldives specialises in tourism and fishing products, Sri Lanka and India specialises in the production of tea.