Chapter 9: Problem 3
A book on the Roman Empire made the following observation: "Romans bought their pots from professional potters, and bought their defence from professional soldiers. From both they got a quality product-much better than if they had had to do their soldiering and potting themselves." Briefly explain what economic concept the author is illustrating in this passage. How does he know that Romans got better pots and better defense by relying on this economic concept?
Short Answer
Step by step solution
Key Concepts
These are the key concepts you need to understand to accurately answer the question.