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Commodities
“
Australia's distance from Europe was probably only tolerable because it had strategic commodities which England, threatened by changing European alliances, might some day be unable to produce in the northern hemisphere. Flax was the first conqueror — a hollow conqueror — of the distance which so often shaped Australia's destiny.
...more
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― The Tyranny of Distance: How Distance Shaped Australia's History
― The Tyranny of Distance: How Distance Shaped Australia's History
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New things are continually being invented, but the inputs that produce the various outputs remain relatively constant throughout time. This is one reason why commodities are so special.
”
― Business Essentials
― Business Essentials
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