O level Business Studies: How do businesses actually run?
If you notice carefully you would understand that the entire world is running on the principles of specialization. We all are doing the things which we can do best. If I am a teacher I am just teaching I am not going to make a chair on which I could sit. I am going to earn money by teaching and then I am going to pay someone else who would be making the chair. You would be amazed to know that Russia prospered on the basis of specialization.