This relationship helps explain the structure and evolution of our planet’s industrial structures. The personbyte theory implies that (1) simpler economic activities will be more ubiquitous, (2) that diversified economies will be the only ones capable of executing complex economic activities, (3) that countries will diversify toward related products, and (4) that over the long run a region’s level of income will approach the complexity of its economy, which we can approximate by looking at the
