HISTORY OF GLOBAL
MARKET
INTEGRATION
in the 2Oth century
teeta Te tale el lead
farming helped societies build surpluses,
meaning not everyone had to spend their time
elgtee a cereten
era gee Ie al Tee ae
permanent settlement trade network and
ety TT at ee a
Oat ee eae ate a et roo
(iota a aes eal dea ee
eer leestr
eer ete ee ee ete Banat
functioned, instead of working at home where people
worked for their family by making things from strat to
ae eat Sask acted ia) ee et tee a aoa)
becoming more specialised in their skills.
Overall, productivity went up,standards of living riét,
and people have access to a wider variety of goods due
eres Toston
(oN nea)
* system in which all natural resources and means of production are
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Thee egret
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CS ee ed ee ee a ee
Cares
+ it rejects capitalism's private property and hands off approaches
because property is owned by government that will be allocated to
eae ets
computers and other technologies
are beginning to replace many jobs
eva areva
Technologies has reduced the use of
feel ie Tet ee tel- Betta ae ae ed
manufacturing based economy to one
that is based on service work and the
PeYaey=[ tart hola ey aT Lt- teak tel eee teste
Infographic by : Maricar F. Pumaras