cell phones were a huge advantage to people coming out of poverty in South Africa. Discussion available on econtalk podcast with Karol Boudreaux. They could advertise a service (cleaning, clothing production, cooking, etc.) and attach a phone number to the advertisement.
This encouraged the division of labor, and the creation of wealth.
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cell phones were a huge advantage to people coming out of poverty in South Africa. Discussion available on econtalk podcast with Karol Boudreaux. They could advertise a service (cleaning, clothing production, cooking, etc.) and attach a phone number to the advertisement.
This encouraged the division of labor, and the creation of wealth.