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Market Economy: Crash Course Government and Politics #46
 
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Today, we’re going to take a look at how the government plays a role in the economy. Specifically, the way the government creates and maintains our market economic system. Now sure, the government’s role in the economy can be controversial, some may even say completely unnecessary. But there are some deficiencies in a free market, and we’re going to look at those, and the tools the government uses to combat those issues in maintaining a healthy and stable economy. Produced in collaboration with PBS Digital Studios: http://youtube.com/pbsdigitalstudios Support is provided by Voqal: http://www.voqal.org All attributed images are licensed under Creative Commons by Attribution 4.0 https://creativecommons.org/licenses/... Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashC... Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 276017 CrashCourse
Meaning of Market Economy, Planned Economy, Mixed Economy (in Hindi) | Class 12 | Sunil Adhikari |
 
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LIKE | SHARE | COMMENT | SUBSCRIBE | Hello Boys & Girls, 🙋 I Sunil Adhikari Welcome You All to My Channel STUDENTS Can I help You? Our Channel Will provide VIDEOS ON : ✔️ CLASS 11— BUSINESS STUDIES ✔️ CLASS 11 —ECONOMICS ✔️CLASS 12 —BUSINESS STUDIES ✔️CLASS 12 —ECONOMICS ✔️B.COM/BBA— LAW ✔️ B.COM/BBA — Management ✔️CAREER GUIDANCE ✔️PERSONALITY DEVELOPMENT ✔️SUCCESS TIPS & Many More useful Videos Strictly for Students. SUBSCRIBE to our Channel ☑️ and Click the Bell Icon 🔔 to Get Notifications of Our Videos every Week. ☺️ RISE & SHINE. 👍 Follow us on various Social Media Platforms : ✔️Facebook : https://www.facebook.com/100006548682626 ✔️Facebook Page : https://www.facebook.com/SunilAD04/ ✔️Instagram : sunil_ad_04
Perfect Competition in the Short Run- Microeconomics 3.8
 
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In this video I explain how to draw and analyze a perfectly competitive market and firm...and you get to meet Mr. DARP. Makes sure that you can use the graph calculate total revenue, total cost, and profit. Thanks for watching. Please subscribe. If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 940574 Jacob Clifford
Pricing in a Free-Market Economy
 
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Go Premium for only $9.99 a year and access exclusive ad-free videos from Alanis Business Academy: http://bit.ly/1Iervwb View additional videos from Alanis Business Academy and interact with us on our social media pages: YouTube Channel: http://bit.ly/1kkvZoO Website: http://bit.ly/1ccT2QA Facebook: http://on.fb.me/1cpuBhW Twitter: http://bit.ly/1bY2WFA Google+: http://bit.ly/1kX7s6P While pricing in a command economy is at the discretion of government, pricing in a free-market economy is left up to individual markets. Learn how markets set prices in a free-market economy and the role that supply and demand play.
Markets, Efficiency, and Price Signals: Crash Course Economics #19
 
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Adriene and Jacob teach you all about markets. So, in free market(ish) economies like the United States and most of the world, markets are a big deal. Markets work to produce the stuff that consumers want, and that society needs. Today we'll talk about productive and allocative efficiency, skinny jeans, price signals, and more in this information-dense installment of Crash Course. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 381972 CrashCourse
Economics - Principles of the Free Market
 
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In a theoretically free market, what drives the buying and selling of goods and services? Learn about the seven principles that are fundamental to the free market system.
Views: 4480 WarnerJordanEducation
What is FREE MARKET? What does FREE MARKET mean? FREE MARKET meaning & explanation
 
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What is FREE MARKET? What does FREE MARKET mean? FREE MARKET meaning - FREE MARKET definition - FREE MARKET explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A free market is a system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority. It is a result of a need being, then the need being met. A free market contrasts with a regulated market, in which government intervenes in supply and demand through non-market methods such as laws creating barriers to market entry or price fixing. In a free-market economy, prices for goods and services are set freely by the forces of supply and demand and are allowed to reach their point of equilibrium without intervention by government policy, and it typically entails support for highly competitive markets and private ownership of productive enterprises. Although free markets are commonly associated with capitalism within a market economy in contemporary usage and popular culture, free markets have also been advocated by free-market anarchists, market socialists, and some proponents of cooperatives and advocates of profit sharing.
Views: 8841 The Audiopedia
Why Free Markets Work: Milton Friedman on Political Economy (1996)
 
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The Friedman rule is a monetary policy rule proposed by Milton Friedman. More Milton Friedman: https://www.amazon.com/gp/search?ie=UTF8&tag=doc06-20&linkCode=ur2&linkId=258445d2550dd284ef86829343fdd0da&camp=1789&creative=9325&index=books&keywords=Milton%20Friedman Essentially, Friedman advocated setting the nominal interest rate at zero. According to the logic of the Friedman rule, the opportunity cost of holding money faced by private agents should equal the social cost of creating additional fiat money. It is assumed that the marginal cost of creating additional money is zero (or approximated by zero). Therefore, nominal rates of interest should be zero. In practice, this means that the central bank should seek a rate of deflation equal to the real interest rate on government bonds and other safe assets, to make the nominal interest rate zero. The result of this policy is that those who hold money don't suffer any loss in the value of that money due to inflation. The rule is motivated by long-run efficiency considerations. This is not to be confused with Friedman's k-percent rule which advocates a constant yearly expansion of the monetary base. The marginal benefit of holding additional money is the decrease in transaction costs represented by (for example) costs associated with the purchase of consumption goods. With a positive nominal interest rate, people economise on their cash balances to the point that the marginal benefit (social and private) is equal to the marginal private cost (i.e., the nominal interest rate). This is not socially optimal, because the government can costlessly produce the cash until the supply is plentiful. A social optimum occurs when the nominal rate is zero (or deflation is at a rate equal to the real interest rate), so that the marginal social benefit and marginal social cost of holding money are equalized at zero. Thus, the Friedman Rule is designed to remove an inefficiency, and by doing so, raise the mean of output. The Friedman rule has been shown to be the welfare maximizing monetary policy in many economic models of money. It has been shown to be optimal in monetary economies with monopolistic competition (Ireland, 1996) and, under certain circumstances, in a variety of monetary economies where the government levies other distorting taxes.[2][3][4][5] However, there do exist several notable cases where deviation from the Friedman Rule becomes optimal. These include economies with decreasing returns to scale; economies with imperfect competition where the government does not either fully tax monopoly profits or set the tax equal to the labor income tax; economies with tax evasion; economies with sticky prices; and economies with downward nominal wage rigidity.[6] While normally deviations from the Friedman Rule are typically small, if there is a significant foreign demand for a nations currency, such as in the United States, the optimal rate of inflation is found to deviate significantly from what is called for by Friedman Rule in order to extract seigniorage revenue from foreign residents.[6] In the case of the United States, where over half of all U.S. dollars are held overseas, the optimal rate of inflation is found to be anywhere from 2 to 10%, whereas the Friedman Rule would call for deflation of almost 4%.[6] Recent results have also suggested that in order to achieve the goal of the Friedman Rule, namely to reduce the opportunity cost and monetary frictions associated with money, it may not be required that the nominal interest rate be set at zero.[7] When the effects of financial intermediaries and credit spreads are taken into account, the welfare optimality implied by the Friedman Rule can instead be achieved by eliminating the interest rate differential between the policy nominal interest rate and the interest rate paid on reserves by assuring that the rates are identical at all times. https://en.wikipedia.org/wiki/Friedman_rule
Views: 66631 Remember This
8 Disadvantages Of Free Market Economy
 
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1. A competitive environment creates an atmosphere of survival of the fittest. This causes many businesses to disregard the safety of the general public to increase the bottom line. 2. POOR QUALITY: Since profit maximization is the biggest motivation for firms, they may try to reduce their costs unethically by polluting the environment or by exploiting workers. 3. MERIT GOODS: Goods and services that are not profitable will not be produced/run. Rural communities will suffer as a result. 4. When a free market economy spins out of control, the consequences can be severe. From the Great Depression of the 1930s to the real estate market crash of 2008, market failures have devastated the lives of millions in lost income, unemployment and homelessness. 5. Wealth is not distributed equally - a small percentage of society has the wealth while the majority lives in poverty. 6. FIRM POWER: Large firms can still dominate certain markets, even where there is competition, and exploit suppliers (by squeezing their prices down) and consumers (by charging higher selling prices) to maximize profits.  7. There is no economic stability because greed and overproduction cause the economy to have wild swings ranging from times of robust growth to cataclysmic recessions. 8. UNEMPLOYMENT: Certain members of society will not be able to work like the elderly or the unemployed (because their skills aren’t marketable).
Views: 1697 Patel Vidhu
POLITICAL THEORY - Adam Smith
 
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Adam Smith was no uncritical apologist for capitalism: he wanted to understand how capitalism could be both fruitful and good. If you like our films take a look at our shop (we ship worldwide): http://www.theschooloflife.com/shop/all/ SUBSCRIBE to our channel for new films every week: http://tinyurl.com/o28mut7 Brought to you by http://www.theschooloflife.com Produced in collaboration with Mike Booth http://www.YouTube.com/SomeGreyBloke #TheSchoolOfLife
Views: 908523 The School of Life
The Economics of Uber
 
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First 500 people get 2 months free of Skillshare: http://skl.sh/polymatter7 Patreon: https://patreon.com/polymatter Twitter: https://twitter.com/polymatters Reddit: https://reddit.com/r/PolyMatter Discord: https://discord.gg/polymatter Uber may be the highest-valued private company in the world, but its economic troubles are profound and concerning. This includes a paid sponsored promotion which had no part in the writing, editing, or production of the rest of the video. Music by Varsity Star: https://varsitystar.bandcamp.com/releases their Facebook: https://www.facebook.com/varsitystarmusic/ Special thanks to http://ridester.com for looking over the script in advance. Ridester offers resources for ride share drivers. Brief music clip: Teddy Bear Waltz Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/ VHS fast forward effect modified from https://www.youtube.com/watch?v=s_auAhu-91U https://www.forbes.com/sites/lensherman/2017/12/14/why-cant-uber-make-money/#7d83f5f410ec Dr Seuss Style Font: “Yikes” by Rick Montgomery https://www.dafont.com/yikes.font?l[]=10&l[]=1 http://flopstarter.com https://medium.com/enrique-dans/why-is-uber-sweeping-all-before-it-because-it-understands-economies-of-scale-70d104688783 https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-or-employee http://ritholtz.com/2018/05/tlc-medallion-owners-created-uber/ https://www.caseyresearch.com/forget-stocks-buy-taxi-medallions/ https://www.nytimes.com/2017/09/10/nyregion/new-york-taxi-medallions-uber.html http://www.nyc.gov/html/media/totweb/taxioftomorrow_history_regulationandprosperity.html https://www.nytimes.com/1996/05/11/nyregion/medallion-limits-stem-from-the-30-s.html https://www.theverge.com/2018/6/26/17500510/uber-london-license-appeal-court-decision?utm_campaign=theverge&utm_content=chorus&utm_medium=social&utm_source=twitter https://www.statista.com/statistics/277229/facebooks-annual-revenue-and-net-income/ https://www.washingtonpost.com/news/the-switch/wp/2016/06/27/how-much-uber-drivers-actually-make-per-hour/?utm_term=.cc5e13967aec https://www.cbinsights.com/research-unicorn-companies https://expandedramblings.com/index.php/uber-statistics/ https://medium.com/uber-under-the-hood/uber-in-small-towns-and-cities-a-data-deep-dive-6e3cc2a250f4 https://www.wsj.com/articles/how-self-driving-cars-could-end-uber-1494154805 https://www.wsj.com/articles/with-kalanick-out-ubers-troubles-are-just-beginning-1498049054 https://www.wsj.com/articles/with-kalanick-out-ubers-troubles-are-just-beginning-1498049054 https://www.statista.com/chart/12059/uber-revenue-bookings-and-net-loss/ https://www.theguardian.com/technology/2018/mar/01/uber-lyft-driver-wages-median-report https://www.ridesharingdriver.com/uber-fees-cancellation-booking-cleaning-fees/
Views: 752307 PolyMatter
Free Market Masters  Friedrich Hayek
 
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Friedrich Hayek was one of the most influential economic and political theorists of the 20th century. In economics two of his most important contributions were to explain how the market price system addresses the problem of economic coordination more effectively than central planning by government; and to understand the role of competition in markets as a process of trial and error discovery. Professor Mark Pennington from the Department of Political Economy, Kings College London explores his legacy.
Views: 3236 iealondon
14.  Market Competition
 
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Competition is the essential fuel of the free market economy, ensuring self-interested profit-seeking becomes focused on serving the needs of the neighbor in ever-more-efficient fashion. In this video, Professor Watts describes how economic competition amongst humans differs from the "animalistic" competition found in nature. Watts also provides examples of competition at work in consumer goods industries, presenting data on how the free, competitive market system continually makes most goods cheaper and more abundant for all of us.
Views: 76 Lights on Econ
Revenue, Profits, and Price: Crash Course Economics #24
 
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How do companies make money? What are profits? Revenues? How are prices set? This week, Jacob and Adriene are talking business. Whether you're selling cars, pizza, or glow sticks, this video has pretty much all the information you need to run a business. Well, not really, but there's a lot of good stuff in here. *** Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 386015 CrashCourse
The Circular Flow Model of a Market Economy
 
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By this point in your course you may have learned the definition of a market: A place where buyers and sellers meet to engage in mutually beneficial exchanges. But what is a market economy? Two basic types of markets exist in any market economy: resource markets and product markets. The exchanges that take place in these markets benefit both the households and the firms that engage in exchanges. This lesson will introduce the circular flow of money, resources and goods and services in a market economy. We will examine how resources flow from households to firms, and goods and services from firms to households. We will also seek to explain why individuals are willing to engage in the exchanges that characterize the market system. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 309660 Jason Welker
Economic Systems and Macroeconomics: Crash Course Economics #3
 
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In which Jacob Clifford and Adriene Hill teach you about Economic Systems and Macroeconomics. So, economics is basically about choices. We'll look at some of the broadest economic choices when we talk about the difference between planned economies and market economies. We'll get into communism, socialism, command economies, and capitalism. We'll look at how countries choose the kind of system they're going to use (spoiler alert: many end up with mixed economies). We'll also look into how individuals make economic choices. Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark Brouwer, Jan Schmid, Anna-Ester Volozh, Robert Kunz, Jason A Saslow, Christian Ludvigsen, Chris Peters, Brad Wardell, Beatrice Jin, Roger C. Rocha, Eric Knight, Jessica Simmons, Jeffrey Thompson, Elliot Beter, Today I Found Out, James Craver, Ian Dundore, Jessica Wode, SR Foxley, Sandra Aft, Jacob Ash, Steve Marshall TO: Everyone FROM: Martin To gild refined gold is just silly. TO: Dana FROM: Cameron Still holding out. We're going to make it! Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever: Raymond Cason, Marcel Pogorzelski, Cowgirlgem, Chua Chen Wei, Catherine Emond, Victoria Uney, Robin Uney, Damian Shaw, Sverre Rabbelier Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1494539 CrashCourse
Is Capitalism Moral?
 
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Is capitalism moral or greedy? If it's based on greed and selfishness, what's the best alternative economic system? Perhaps socialism? And if capitalism is moral, what makes it so? Walter Williams, a renowned economist at George Mason University, answers these questions and more. Donate today to PragerU! http://l.prageru.com/2ylo1Yt Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips. iPhone: http://l.prageru.com/2dlsnbG Android: http://l.prageru.com/2dlsS5e Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageru Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful. VISIT PragerU! https://www.prageru.com FOLLOW us! Facebook: https://www.facebook.com/prageru Twitter: https://twitter.com/prageru Instagram: https://instagram.com/prageru/ PragerU is on Snapchat! JOIN PragerFORCE! For Students: http://l.prageru.com/29SgPaX JOIN our Educators Network! http://l.prageru.com/2c8vsff Script: Many people believe that free market capitalism is selfish, even immoral. They say it's about greed, about a hunger for money and power; that it helps the rich and hurts the poor. They're wrong. The free market is not only economically superior, it is morally superior to any other way of organizing economic behavior. Here's why. The free market calls for voluntary actions between individuals. There's no coercion. In a free market, if I want something from you, I have to do something for you. Let's say I mow your lawn and you pay me twenty dollars. What does that twenty dollars really mean? When I go to the grocer and say, "I would like to have four pounds of steak" He, in effect, says to me, "You want a lot of people to serve you -- ranchers, truckers, butchers, and packagers. All these people have to be paid. What did you do to serve your fellow man?" "Well," I say, "I mowed my fellow man's lawn." And the grocer says, "Prove it." Then I offer him the twenty dollars. Think of the money that you've earned as a certificate of performance. It's proof that you've served your fellow man. People accuse the free market of not being moral because they say it's a zero-sum game, like poker, where if you win, it means that I have to lose. But the free market is not a zero-sum game. It's a positive sum game. You do something good for me, such as give me that steak and I'll do something good for you -- give you twenty dollars. I'm better off because I valued the steak more than I valued the $20 and the grocer is better off because he valued the $20 more than he valued the steak. We both win. Ironically, it's the government, not the free market, that creates zero-sum games in our economy. If you use the government to get a food stamp, a farm subsidy or a business bail out, you will benefit -- but at the expense of your fellow citizens. Isn't it more moral to require that people serve their fellow man in order to have a claim on what he produces rather than not serve others and still have a claim? But, a lot of people ask, what about giant corporations? Don't they have too much power over our lives? Not in a free market. Because in a free market We, the People, decide the fate of companies who want our business. Free market capitalism will punish a corporation that does not satisfy customers or fails to use resources efficiently. Businesses, big and small, that wish to prosper are held accountable by the people who vote with their dollars. And, again, it's the government that can undo this. For the complete script, visit https://www.prageru.com/videos/capitalism-moral
Views: 1122073 PragerU
What Are The Benefits Of A Free Market Economy?
 
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"FIND OUT What Are The Benefits Of A Free Market Economy LIST OF RELATED VIDEOS OF What Are The Benefits Of A Free Market Economy IN THIS CHANNEL : What Are The Benefits Of A Free Market Economy? https://www.youtube.com/watch?v=ejfDG5luLWU What Are Cultural Factors In Marketing? https://www.youtube.com/watch?v=X9vhZVFUAM8 Is The United States A Market Economy? https://www.youtube.com/watch?v=5Rlayc4WRt8 What Are Internal Market Factors? https://www.youtube.com/watch?v=e72ZzsW5dLE What Are Key Performance Indicators In Marketing? https://www.youtube.com/watch?v=l9xm_x_vj9s What Are The Advantages And Disadvantages Of A Free Market Economy? https://www.youtube.com/watch?v=n23pS7ZP7pE What Are Some Of The Advantages And Disadvantages To A Market Economy? https://www.youtube.com/watch?v=KUu8KBTNAao What Are Demographic Factors In Marketing? https://www.youtube.com/watch?v=O5WfjTpG46I What Are Social Forces In Marketing? https://www.youtube.com/watch?v=Sm5RZQjxX80 What Are The Activities Of Marketing? https://www.youtube.com/watch?v=W3Srjyho_3E"
Views: 313 sparky Facts
Monopolies and Anti-Competitive Markets: Crash Course Economics #25
 
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What is a monopoly? It turns out, it's more than just a board game. It's a terrible, terrible economic practice in which giant corporations dominate markets and hurt consumers. Except when it isn't. In some industries, monopolies are the most efficient way to do business. Utilities like electricity, water, and broadband internet access are probably less efficiently delivered in competitive markets. Come along, and let us monopolize your attention for a few minutes. You might learn something. And you might land on Free Parking. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 443585 CrashCourse
How The Free Market Really Works
 
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An example of how the Free Market functions, taken from the book titled 'The New Human Rights Movement,' written by Peter Joseph: https://www.amazon.com/New-Human-Rights-Movement-Reinventing/dp/1942952651 Video by The Prosocial Progress Foundation: https://www.youtube.com/channel/UCPpamaP-_a3zMH4OTuSKusA
Views: 3088 Films For Action
Labor Markets and Minimum Wage: Crash Course Economics #28
 
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How much should you get paid for your job? Well, that depends on a lot of factors. Your skill set, the demand for the skills you have, and what other people are getting paid around you all factor in. In a lot of ways, labor markets work on supply and demand, just like many of the markets we talk about in Crash Course Econ. But, again, there aren't a lot of pure, true markets in the world. There are all kinds of oddities and regulations that change the way labor markets work. One common (and kind of controversial one) is the minimum wage. The minimum wage has potential upsides and downsides, and we'll take a look at the various arguments for an against it. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 465384 CrashCourse
What Are The Advantages And Disadvantages Of A Free Market Economy?
 
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Advantages and disadvantages of free market economy essay what is a economy? Definition, advantages study. In this lesson economy? Definition, advantages, disadvantages & examples try it free for 5 days!. Disadvantages of a free market economy the advantages (and disadvantages and nyu. S cool, the revision website. What are the advantages and disadvantages of a free market economic system by jason cognac on prezi. Free market definition, advantages & examples video lesson which system is best? . Those who shut down and refuse to understand it may. A free market economy promotes the production and sale of goods services, with little to no control or involvement from any central government agency a 19 feb 2009 has two key advantages. Individuals have the freedom to create new ideas, products, and services sell for profit. Free markets what's the cost? Investopedia. As you will see, the advantages of free market economies can be according to houston chronicle, a economy ability customers drive choices in addition disadvantages such as 20 feb 2015 breaks down main components, advantages, and economic system business all topics. Free market advantages & disadvantages. What are the advantages and disadvantages of a free market & explain economies what revision economy? Quora. Free market economies are very 3 aug 2015 we live in a economy where our well being and quality of life is largely determined by how interact it. What are the advantages and disadvantages of a free market &. The market system in economics definition, characteristics & advantages. First, it allows for individuals to innovate. Disadvantages of division labour. Capitalism and the free market definition & limitations. Essay disadvantages of a free market economy. Economics essays free market economic system. L999) reply to prof having a free market economy means that certain essential goods and up the good will of private enterprise provide them on some level, if they choose u. Intelligent economist intelligenteconomist free market url? Q webcache. Economy is essentially a free market economy an economic that run by some argue when the fails to protect consumers, critics of claim following disadvantages this system 3 sep 2007 means decisions are taken private however, adam smith was aware limitations 5 feb 2013 advantages ( command ) 1. Most of market economy advantages and disadvantages by bertell ollman (talk at nanjing normal university, nanjing, china oct. Advantages of a free market economy i suggest you look for ways to understand and enjoy economic, because it does affect your life. Search free market economy are advantages disadvantages what the and of a. Advantages of division labour. Competition between firms should lead to wanting produce as efficiently possible because the advantages and disadvantages of a free market economy competition is system where prices are determined by supply there has been some dispute over whether entails freedom from (and command economies)fr
Views: 729 new sparky
Perfect Competition and Profit Maximization
 
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This video goes over the basics of profit maximization for a perfectly competitive firm. We explore the profit maximizing point graphically by comparing marginal cost with marginal revenue. The perfectly competitive market structure is interesting because it has a constant price and average price because it is a price taker. More information is available at http://www.freeeconhelp.com/2012/01/perfect-competition-and-profit.html
Views: 127203 Free Econ Help
🎩 Monopoly in a free market | Is it possible?
 
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Monopoly in a free market - is it possible? If yes, is it harmful for consumers? What creates monopolies? Learn Austrian Economics in a fun way! Rothbard's lecture: https://www.youtube.com/watch?v=H6Opvlmy8i8 Music on CC license: Kevin MacLeod: Klockworx – na licencji Creative Commons Attribution (https://creativecommons.org/licenses/by/4.0/) Źródło: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100392 Wykonawca: http://incompetech.com/ Kevin MacLeod: Home Base Groove – na licencji Creative Commons Attribution (https://creativecommons.org/licenses/by/4.0/) Źródło: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100563 Wykonawca: http://incompetech.com/
Views: 18286 EconClips
The Ethics and Economics of Choosing Publicly
 
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Why do special interests gain so much control over government policy? Public choice economics can explain. To get notifications for all our new videos, click the bell above. SUBSCRIBE: http://bit.ly/2dUx6wg LEARN MORE: What Does a Politician Mean When They Say They're Pro Business? (video): “Pro-Business” can mean a few different things when it comes out of politicians’ mouths. It could mean they want to let free markets create as many jobs and opportunities as possible, or it could mean they want to treat the economy like a machine, pulling levers and pushing buttons to pick winners and losers. Mercatus Senior Research Fellow Matthew Mitchell explains. https://www.youtube.com/watch?v=IdQKsrkCUN0 Public Choice: Why Politicians Don't Cut Spending (video): Prof. Ben Powell explains why politicians usually fail to cut spending even when they promise to.. Using public choice economics, or the economics of politics, he shows how the political system naturally leads to overspending. https://www.youtube.com/watch?v=6uR4lqa7IK4 Who Exploits You More: Capitalists or Cronies? (video): Some claim that capitalism exploits the masses for the benefit of the few, leading to calls for increased government power over the economy. Professor Matt Zwolinski suggests, however, that government power may be more exploitative than free-market capitalism. https://www.youtube.com/watch?v=kJeuoMh46JY TRANSCRIPT: For a full transcript please visit: http://www.learnliberty.org/videos/the-ethics-and-e…hoosing-publicly/ LEARN LIBERTY: Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
Views: 21478 Learn Liberty
Free Market vs. Capitalism - Not The Same Thing
 
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People often use the terms "free market" and "capitalism" interchangeably; here I explain how they are NOT the same thing, and I give examples of each one without the other. I conclude by explaining how I'm a huge fan of free markets, but more cautious or skeptical of capitalism.
Views: 2592 Alex Zorach
How the rich get richer – money in the world economy | DW Documentary
 
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Exploding real estate prices, zero interest rate and a rising stock market – the rich are getting richer. What danger lies in wait for average citizens? For years, the world’s central banks have been pursuing a policy of cheap money. The first and foremost is the ECB (European Central Bank), which buys bad stocks and bonds to save banks, tries to fuel economic growth and props up states that are in debt. But what relieves state budgets to the tune of hundreds of billions annoys savers: interest rates are close to zero. The fiscal policies of the central banks are causing an uncontrolled global deluge of money. Experts are warning of new bubbles. In real estate, for example: it’s not just in German cities that prices are shooting up. In London, a one-bed apartment can easily cost more than a million Euro. More and more money is moving away from the real economy and into the speculative field. Highly complex financial bets are taking place in the global casino - gambling without checks and balances. The winners are set from the start: in Germany and around the world, the rich just get richer. Professor Max Otte says: "This flood of money has caused a dangerous redistribution. Those who have, get more." But with low interest rates, any money in savings accounts just melts away. Those with debts can be happy. But big companies that want to swallow up others are also happy: they can borrow cheap money for their acquisitions. Coupled with the liberalization of the financial markets, money deals have become detached from the real economy. But it’s not just the banks that need a constant source of new, cheap money today. So do states. They need it to keep a grip on their mountains of debt. It’s a kind of snowball system. What happens to our money? Is a new crisis looming? The film 'The Money Deluge' casts a new and surprising light on our money in these times of zero interest rates. _______ Exciting, powerful and informative – DW Documentary is always close to current affairs and international events. Our eclectic mix of award-winning films and reports take you straight to the heart of the story. Dive into different cultures, journey across distant lands, and discover the inner workings of modern-day life. Subscribe and explore the world around you – every day, one DW Documentary at a time. Subscribe to DW Documentary: https://www.youtube.com/channel/UCW39zufHfsuGgpLviKh297Q?sub_confirmation=1# For more information visit: https://www.dw.com/documentaries Instagram https://www.instagram.com/dwdocumentary/ Facebook: https://www.facebook.com/dw.stories DW netiquette policy: http://www.dw.com/en/dws-netiquette-policy/a-5300954
Views: 1357201 DW Documentary
Economic Systems & the Labor Market: Crash Course Sociology #29
 
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This week we’ll see how economies can be broken down into the primary, secondary, and tertiary sectors. We’ll look at the three stages of economic revolution that brought us to the modern post-industrial era. We’ll also explore two types of economic models: capitalism and socialism. Crash Course is made with Adobe Creative Cloud. Get a free trial here: https://www.adobe.com/creativecloud.html CC Sociology course textbook: Sociology by John J. Macionis, 15th edition (2014) *** Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark Brouwer, Bob Kunz, mark austin, William McGraw, Ruth Perez, Jason A Saslow, D.A. Noe, Shawn Arnold, Eric Prestemon, Malcolm Callis, Advait Shinde, Thomas Frank, Rachel Bright, Khaled El Shalakany, Ian Dundore, Tim Curwick, Ken Penttinen, Indika Siriwardena, Alexander Tamas, Caleb Weeks, Kathrin Janßen, Nathan Taylor, Andrei Krishkevich, Brian Thomas Gossett, Chris Peters, Kathy & Tim Philip, Mayumi Maeda, Eric Kitchen, SR Foxley, Evren Türkmenoğlu, Tom Trval, Cami Wilson, Justin Zingsheim, Moritz Schmidt, Jessica Wode, Daniel Baulig, Jirat -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 80644 CrashCourse
#34, Forms of market ( Micro economics - Class 11 and 12)
 
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Class 12 microeconomics.... Market... Forms of market..... Perfect competition.... Monopoly competition..... Contact for my book ..7690041256... Economics on your tips video...34
Views: 382967 Economics on your tips
Why People Who Need Redistribution Hate It: The Free Market & You
 
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Patreon: https://www.patreon.com/user?u=5385111 Twitter: https://twitter.com/mexieYT Facebook: https://www.facebook.com/mexieYT IG: @_mexie_ Check out my podcast (co-hosted with Marine from A Privileged Vegan): https://www.veganvanguardpodcast.com Books on capitalism and neoliberalism: Naomi Klein, The Shock Doctrine: http://www.naomiklein.org/shock-doctrine David Harvey, A Brief History of Neoliberalism: https://www.amazon.ca/Brief-History-Neoliberalism-David-Harvey/dp/0199283273 David Harvey, Seventeen Contradictions and the End of Capitalism: https://www.amazon.ca/Seventeen-Contradictions-Capitalism-David-Harvey/dp/019936026X Karl Polanyi, The Great Transformation: https://www.amazon.ca/Great-Transformation-Political-Economic-Origins/dp/080705643X Noam Chomsky, Profits Over People: http://www.goodreads.com/book/show/62659.Profit_Over_People Marx, Capital Vol. 1: https://www.amazon.ca/Capital-1-Critique-Political-Economy/dp/0140445684
Views: 21019 Mexie
There Is No Free Market - Mike Maloney
 
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Think the United States is a free market economy? Think again. Truth is, ever since the Federal Reserve started calling the shots, our economy has been manipulated and centrally planned much like those of the former Soviet Union or China. Mike Maloney explains why in this video recorded live at the 2015 Silver Summit. And why planned economies always fail. Watch it here: http://goldsilver.com/hsom/silversummit/?utm_source=youtubeboothvideos&utm_medium=cardlink&utm_campaign=SilverSummit2015 Think the United States is a free market economy? Think again. Truth is, ever since the Federal Reserve started calling the shots, our economy has been manipulated and centrally planned much like those of the former Soviet Union or China. Mike Maloney explains why in this video recorded live at the 2015 Silver Summit. And why planned economies always fail. Hidden Secrets Of Money is a world-leading educational series that is sponsored by, and also based on the priciples of WealthCycles. It shows the evolution of gold and silver as money, and teaches the historical economic mistakes that all societies repeat. The first series (Episodes 1-5) features bonus content that is available completely free of charge at http://www.HiddenSecretsOfMoney.com From Season 2 onwards, all bonus content is reserved exclusively for members of http://www.wealthcycles.com We would like to thank everyone for their support of this series, and also for the loyalty shown to our sister company GoldSilver.com. We look forward to the continued success of this series and encouraging people to take control of their own financial future. For more information about investing in Gold & Silver or Mike Maloney, visit the Why Gold & Silver channel and subscribe: http://goo.gl/emXEB Join GoldSilver.com & Mike Maloney on other social networks: Blog: http://goldsilver.com/ Facebook: https://www.facebook.com/pages/Mike-Maloney/98230491374 https://www.facebook.com/pages/Goldsilvercom/230719865624 Twitter (GoldSilver): https://twitter.com/Gold_Silver Twitter (Mike Maloney): https://twitter.com/mike_maloney LinkedIn: http://www.linkedin.com/company/goldsilver-com Silver, gold, investing, stocks, deflation, inflation, Mike Maloney, conference, debt collapse, hidden secrets of money, precious metals, bullion, finance, financial eduacation.
The Economics of Healthcare: Crash Course Econ #29
 
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Why is health care so expensive? Once again, there are a lot of factors in play. Jacob and Adriene look at the many reasons that health care in the US is so expensive, and what exactly we get for all that money. Spoiler alert: countries that spend less and get better results are not that uncommon. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 489448 CrashCourse
The Profit Motive: Going Places | Pro-Capitalism Propaganda Cartoon | 1948
 
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● Please SUPPORT my work on Patreon: https://bit.ly/2LT6opZ ● Visit my 2ND CHANNEL: https://bit.ly/2ILbyX8 ►Facebook: https://bit.ly/2INA7yt ►Twitter: https://bit.ly/2Lz57nY ►Google+: https://bit.ly/2IPz7dl ✚ Watch my "Old America" PLAYLIST: https://bit.ly/2rOHzmy This classic animated short – originally titled as 'Going Places' – is a Cold War-era propaganda film about the American entrepreneurial spirit. It was produced in 1948 by John Sutherland and sponsored by the Harding College. It is one of the "fun and facts about American business" series. The cartoon attempts to defend and promote the principles of capitalism against other economic philosophies, especially Marxism. It defines the profit motive and dramatizes the part it has played in the economic development of America. It tells the story of how progress is achieved through hard work, research, competition, and fair trade. It has a rose-colored view of capitalism, where industrial development is always an improvement over what existed before, where savvy consumers are impossible to cheat, where profitable businesses always share the wealth with their employees, and where the free market always quickly thwarts any monopolistic attempts. Although this cartoon is a good example of capitalist propaganda which fails to explore or explain the downsides of capitalism, it readily admits that for capitalism to work, economy must continue to grow. Plot: The cartoon stars Freddie Fudsie, a lazy soap maker who just wants to go fishing. He invents bar soap, makes some money, and is about to retire in peace and quiet when the "Profit Motive," in the form of a beautiful young woman, captures his attention. Freddie, who suddenly needs more money to win her affection, never sees a fishing hole again. But that's okay, because "the profit motive has been the driving force behind the growth of American industry" and "will make a better life for the children of tomorrow." In order to raise the standard of living for his new wife and kids, Freddie uses his invention of bar soap to continue to grow his wealth. He step by step grows up to be the CEO of Fudso Soap, Inc., a thriving giant corporation, and learns about competition, monopoly and the evils of price fixing. BACKGROUND / CONTEXT In the late 1940s and early 1950s America, millions of theatergoers, students, and industrial workers saw one or more animated short films, shot in Technicolor and running eight to nine minutes, that were designed to build public support for the principles and practices of free enterprise. The Alfred P. Sloan Foundation quietly funded the production of this series of cartoons, titled Fun and Facts about American Business, through multiple grants to industrial animation house John Sutherland Productions via Harding College, an evangelical college in rural Arkansas that would become known nationally for its anti-communist and conservative political activism. (The Alfred P. Sloan Foundation was established in 1934 by Alfred P. Sloan, Jr., then-President and Chief Executive Officer of General Motors.) Profit motive: In economics, the profit motive is the motivation of firms that operate so as to maximize their profits. Mainstream microeconomic theory posits that the ultimate goal of a business is to make money. Stated differently, the reason for a business’s existence is to turn a profit. The profit motive is a key tenet of rational choice theory, or the theory that economic agents tend to pursue what is in their own best interests. Accordingly, businesses seek to benefit themselves and/or their shareholders by maximizing profits. Theoretically, when an economy is fully competitive (i.e. has no market imperfections like externalities, monopolies, information or power imbalances etc.), the profit motive ensures that resources are being allocated efficiently. In other words, profits let companies know whether an item is worth producing. However, the market itself, should minimize profits as it is a cost to the value chain. Competition is the key tool by which markets overcome the individual firm's profit maximization incentive. The profit motive is a good of value to the economy. It is needed to provide incentive to generate efficiency and innovation. The majority of criticisms against the profit motive center on the idea that profits should not supersede the needs of people. Another common criticism of the profit motive is that it is believed to encourage selfishness and greed. Critics of the profit motive contend that companies disregard morals or public safety in the pursuit of profits. For more information about profit motive, see: https://en.wikipedia.org/wiki/Profit_motive The Profit Motive: Going Places | Pro-Capitalism Propaganda Cartoon | 1948 TBFA_0188 NOTE: THIS VIDEO REPRESENTS HISTORY. THE VIDEO HAS BEEN UPLOADED WITH EDUCATIONAL PURPOSES. ITS TOPIC IS REPRESENTED WITHIN CONTEXT.
Supply and Demand: Crash Course Economics #4
 
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In which Adriene Hill and Jacob Clifford teach you about one of the fundamental economic ideas, supply and demand. What is supply and demand? Well, you’ll have to watch the video to really understand it, but it’s kind of important for everything economically. Supply and demand sets prices, and indicates to manufacturers how much to produce. Also, it has a lot to do with strawberries. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, Eric Kitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, Elliot Beter, Jeffrey Thompson, Ian Dundore, Stephen Lawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1506219 CrashCourse
What are the advantages and disadvantages of a free market economy
 
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What are the advantages and disadvantages of a free market economy - Find out more explanation for : 'What are the advantages and disadvantages of a free market economy' only from this channel. Information Source: google
Views: 4 atunakai2c
Market Failures, Taxes, and Subsidies: Crash Course Economics #21
 
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This week on Crash Course Econ, Jacob and Adriene are talking about failure. Specifically, we're talking about market failures. When markets don't provide a good or service efficiently, that's a market failure. When markets fail, often governments step in to provide those services. Stuff like public education or military protection are good examples of market failures. So, what are some of the ways governments address, market failures? Well, it's funny you should ask, as we also talk about that in this episode. We'll get into taxes and subsidies and externalities and a bunch of other important stuff this week on Crash Course Econ. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 565106 CrashCourse
What Is Meant By Profit Incentive?
 
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Profit definition, types, how it works the balancewhat is for profit social enterprise? . What is the profit incentive? Profit motive investopedia. Profit motive definition and meaning what is profit motive? Definition businessdictionary incentives & examples video lesson investor words. It also drives the stock market profit achieved in excess of normal (also known as supernormal profit). Profit motive definition what is profit motive? Investor glossarylibrary of economics and use incentive in a sentence. The study of if the goal is to maximize profits, then an optimal incentive will be one that encourages based regulation can defined as conscious use rewards and penalties encourage good performance in utility sector company owners often share profits employee improve quality work within a business motivate employees perform their best on any given project profit incentive, or motive. Definition of profit motive by merriam websterdefinition webster. Mainstream microeconomic theory posits that the ultimate goal of a business is to make money an incentive something motivates individual perform action. However, it's not all about money. This desire motivates entrepreneurs to establish new businesses and produce kinds of goods services profit motive definition, the for that one engage in business ventures. Profit motive can also be construed as the underlying profit definition incentive or desire to work form a business in order gain make. Businesses try to maximize profit, also known as the profit motive. After all the costs and expenses are paid a profit in sentence 17 aug 2016 is when revenue greater than. Profit motive investopedia profit wikipedia en. The intent to achieve monetary gain in a transaction or material endeavor. When firms are making abnormal profits, there is incentive for other producers to 2 sep 2009 q could you define social enterprise as see it? Carson i it a business that, beyond the profit motive, has mission built The role of an what does mean answersdefine motive at dictionary. See more i need to know what this means for my econ final. In economics, profit incentive means maximization. Expanding because policies there allow people to profit from maintaining and keep down the number level of means subsistence, may be example sentences with word incentiveby private capital, acting under natural incentive financial profits. Profit motive investopediaincentive wikipedia. The profit motive notion is closely related to the if you make decisions without thinking about your personal incentives, let us know. In economics, the profit motive is motivation of firms that operate so as to maximize their profits. Wikipedia wiki profit_motive url? Q webcache. Googleusercontent search. External incentives can include such definition of profit motive the reason most businesses exist, to earn a in free market economy, is ultimate purpose commercial enterprise. The role of profit as an incentive what does mean answersdefine motive at dicti
Views: 121 crazy sparky
Arbitrage basics | Finance & Capital Markets | Khan Academy
 
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Arbitrage Basics. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/put-call-options/v/put-call-parity-arbitrage-i?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/put-call-options/v/call-writer-payoff-diagram?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: Options allow investors and speculators to hedge downside (or upside). It allows them to trade on a belief that prices will change a lot--just not clear about direction. It allows them to benefit in any market (with leverage) if they speculate correctly. This tutorial walks through option basics and even goes into some fairly sophisticated option mechanics. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 282207 Khan Academy
THE FREE MARKET WARRIOR - Loren Spivack
 
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http://www.obamaparody.com/aboutauthor.html PLEASE FORWARD VIDEO Please Note:Due to an error this video will be re rendered but presently it will stay on until the newer version is finished. Loren Spivack "The Free Market Warrior" was born and raised in Massachusetts and spent most of his adult life in New York City. Before becoming active in politics, Spivack worked for several non-profits and as a management consultant for both profit and non-profit companies. Spivack founded "Free Market Warrior" in 2009 in an effort to make a positive difference in American politics and economics. He was expelled from Concord Mills Mall in North Carolina in July of 2009 for selling material critical of the Obama Administration. (Mall owners, Simon Property Group, are major Democratic donors.) Since then Loren has devoted his time to teaching conservative groups about free market economics. He conducts "Economic Literacy" seminars across the United States. So far, Spivack has delivered his famous seminar on "Economic Literacy to over 250 groups in 20 states. Spivack is also the author of "The New Democrat" a parody history of the Obama administration, based on a famous children's book. With pitch-perfect rhyme and clever illustrations, "The New Democrat" transforms the political personalities of our times into cartoon characters in a conservative morality play. He also is author of the just published book "The Gorax" and anti-environmentalist parody which advocates a return to free markets and the constitution as it provides a (much needed) lambasting of the whole environmentalist movement. [email protected] Loren Spivack talks about his books:http://youtu.be/kKKk-3Kvyi0 To listen to Loren's 2 hour interview with We The People Radio: http://teapartymedia.net/20140216/
Views: 2217 Robert Exter
Noam Chomsky on Free Market Capitalism
 
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Chomsky on capitalism and markets.
Views: 18338 Workplace Democracy
What Are The Advantages And Disadvantages Of A Free Market Economy?
 
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L999) reply to prof the u. Those who shut down and refuse to understand the effects of china moving a free market economy learn with flashcards, games, more for. Pesticides the advantages of a free market economy (and disadvantages command economies)free economies are very competitive. Advantages and disadvantages of market economy. Economy is essentially a free market economy an economic that run by some argue when the fails to protect consumers, critics of claim following disadvantages this system based on supply and demand where prices goods services are determined within price. Market economy definition, pros, cons, examples the balance. The advantages and sep 3, 2007 the free market means that economic decisions are taken by private however, adam smith was aware of some limitations according to houston chronicle, a economy ability customers drive choices in addition disadvantages such as i suggest you look for ways understand enjoy economic, because it does affect your life. Most of mar 29, 2017 advantages a free market economy. There are also disadvantages to a free market economy. Demise of in a free market,some companies can easily become monopolies their market study sets matching 'economy advantages disadvantages market'classes the aim firms economy is to make as much profit. Economics essays free market economic system. What are the advantages and disadvantages of a free market what economy flashcards search essay. What is a market economy? Definition, advantages study. A free market economy is a type of promotes the production and sale goods services, with little to no control or involvement from any central government agency feb 19, 2009 intense competition pressures firms produce ever better services at lower cost more efficiently. Intelligent economist intelligenteconomist free market url? Q webcache. Companies may produce goods that are in demand but, without regulation, would be harmful to the customers or society as a whole, e. Free market advantages & disadvantages. As you will see, the advantages of free market economies can be economy and disadvantages by bertell ollman (talk at nanjing normal university, nanjing, china oct. Free markets what's the cost? Investopedia. Market economy advantages and disadvantages nyu. In this lesson economy? Definition, advantages, disadvantages & examples try it free for 5 days! What are the advantages and of a market explain economies what economy (and revision Quoras cool, website. Disadvantages of a free market. Competition between firms should lead to wanting produce as efficiently possible because a major source of objection free economy is precisely that it gives people what they the advantages and disadvantages market in this learn it, i shall be looking at systems. Feb 5, 2013 the advantages of free market ( disadvantages command economy ) 1. What are the advantages and disadvantages of a free market &. What are the advantages and disadvantages of a free market & explain economies wh
Views: 32 Question Text
Accounting profit vs  economic profit | APⓇ Microeconomics | Khan Academy
 
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A rational agent considers both accounting profit and economic profit. In this video, see an example highlighting the difference between accounting profit and economic profit from a business and a discussion of explicit and implicit costs of operating a business. AP(R) Microeconomics on Khan Academy: Microeconomics is the study of individual decisionmakers in an economy, such as people, households, and firms. Learn how markets work, how incentives drive decisionmaking, and how market structure influences market outcomes. We hit the traditional topics from an AP Microeconomics course, including basic economic concepts, markets, production and costs, profit maximization perfect competition, imperfectly competitive market structures, game theory, factor markets, and income inequality. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 2470 Khan Academy
Globalization and Trade and Poverty: Crash Course Economics #16
 
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What is globalization? Is globalization a good thing or not. Well, I have an answer that may not surprise you: It's complicated. This week, Jacob and Adriene will argue that globalization is, in aggregate, good. Free trade and globalization tend to provide an overall benefit, and raises average incomes across the globe. The downside is that it isn't good for every individual in the system. In some countries, manufacturing jobs move to places where labor costs are lower. And some countries that receive the influx of jobs aren't prepared to deal with it, from a regulatory standpoint. Anyway, Jacob and Adriene can explain the whole thing to you in 10 minutes. *** Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 631080 CrashCourse
The Restoration of Capitalism in the USSR - Part 1 - Planning, Profit, the Market and Capital
 
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Check out my Patreon: https://www.patreon.com/ComradeHakim Part 1 of a new series detailing the restoration of Capitalism in the Soviet Union. This video touches on the abolition of economic planning, the introduction of the profit-motive as a driving force of the national economy, the "socialist market" and the formation of capital. Sources are in the comments as this description box gives me a word-limit.
Views: 7541 Hakim
Environmental Econ: Crash Course Economics #22
 
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So, if economics is about choices and how we use our resources, econ probably has a lot to say about the environment, right? Right! In simple terms, pollution is just a market failure. The market is producing more pollution than society wants. This week, Adriene and Jacob focus on the environment, and how economics can be used to control and reduce pollution and emissions. You'll learn about supply and demand, incentives, and how government intervention influences the environment. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 281869 CrashCourse
The Free Market vs.Government Intervention: An Economic Panel Discussion
 
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The Slippery Rock University Young Americans for Liberty hosted an Economic Panel Discussion on the topic, "The Free Market vs. Government Intervention."It was located in the ATS Auditorium on Slippery Rock's campus. The event was organized to educate students and the community on the less-known Austrian School of economics and to answer tough questions on tuition and healthcare costs, inflation, bailouts, the stimulus, the Federal Reserve, the 2008 crises, and taxes. Brandon Cestrone, the President of the SRU Young Americans for Liberty, moderated the panel discussion. Two professors from Grove City visited Slippery Rock to defend the free market and explain why government regulations cause distortions within market. The two professors from Slippery Rock argued government intervention is needed within the economy to prevent reckless behavior. The two participating professors from Grove City College were Dr. Jeffrey Herbener and Dr. Shawn Ritenour. Dr. Herbener is a senior fellow of the Ludwig von Mises Institute in Auburn, Alabama and also a Professor of Economics at Grove City College. Dr. Ritenour is a Professor of Economics at Grove City College and adjunct scholar at the Ludwig von Mises Institute. Dr. David Culp and Dr. Frederick Tannery are the participating professors from Slippery Rock University. Dr. Tannery is the Associate Professor of Business at Slippery Rock University and the Faculty Advisor to the Economics Honor Society. Dr. Culp is the chairman of the Slippery Rock University School of Business, which sponsored the panel discussion. Dr. Culp has been a past president of the Pennsylvania Economic Association and has been teaching economics at Slippery Rock University for 34 years.
What is MIXED ECONOMY? What does MIXED ECONOMY mean? MIXED ECONOMY meaning & explanation
 
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What is MIXED ECONOMY? What does MIXED ECONOMY mean? MIXED ECONOMY meaning - MIXED ECONOMY definition -MIXED ECONOMY explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A mixed economy is defined as an economic system consisting of a mixture of either markets and economic planning, public ownership and private ownership, or free markets and economic interventionism. However, in most cases, "mixed economy" refers to market economies with strong regulatory oversight and governmental provision of public goods, although some mixed economies also feature a number of state-run enterprises. In general the mixed economy is characterised by the private ownership of the means of production, the dominance of markets for economic coordination, with profit-seeking enterprise and the accumulation of capital remaining the fundamental driving force behind economic activity. But unlike a free-market economy, the government would wield indirect macroeconomic influence over the economy through fiscal and monetary policies designed to counteract economic downturns and capitalism's tendency toward financial crises, unemployment, and growing income and wealth disparities, along with playing a role in interventions that promote social welfare. Subsequently, some mixed economies have expanded in scope to include a role for indicative economic planning and/or large public enterprise sectors. In reference to post-war Western and Northern European economic models, as championed by Christian democrats and Social democrats, the mixed economy is defined as a form of capitalism where most industries are privately owned with only a minority of public utilities and essential services under public ownership. In the post-war era, European social democracy became associated with this economic model. Economies ranging from the United States to Cuba have been catalogued as mixed economies. The term is also used to describe the economies of countries which are referred to as welfare states, such as the Nordic countries. Governments in mixed economies often provide environmental protection, maintenance of employment standards, a standardized welfare system, and maintenance of competition. As an economic ideal, mixed economies are supported by people of various political persuasions, typically centre-left and centre-right, such as social democrats or Christian democrats. Supporters view mixed economies as a compromise between state socialism and free-market capitalism that is superior in net effect to either of those. Around the world, the most prosperous countries with the highest average standard of living tend to have mixed economic systems with democratically elected governments.
Views: 10771 The Audiopedia
Noam Chomsky - Free Market Fantasies: Capitalism in the Real World (1996)
 
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Delivered at Harvard University, April 13, 1996 Transcript: http://www.chomsky.info/talks/19960413.htm
Views: 9380 infiniteinfiniteinfi
Capitalism and Socialism: Crash Course World History #33
 
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Crash Course World History is now available on DVD! Visit http://store.dftba.com/products/crashcourse-world-history-the-complete-series-dvd-set to buy a set for your home or classroom. In which John Green teaches you about capitalism and socialism in a way that is sure to please commenters from both sides of the debate. Learn how capitalism arose from the industrial revolution, and then gave rise to socialism. Learn about how we got from the British East India Company to iPhones and consumer culture in just a couple of hundred years. Stops along the way include the rise of industrial capitalism, mass production, disgruntled workers, Karl Marx, and the Socialist Beard. The socialist reactions to the ills of capitalism are covered as well, and John discusses some of the ideas of Karl Marx, and how they've been implemented or ignored in various socialist states. Plus, there are robots! Resources: The Relentless Revolution by Joyce Appelby: http://dft.ba/-appelby The Marx-Engels Reader: http://dft.ba/-marxengels Follow us! @thecrashcourse @realjohngreen @raoulmeyer @crashcoursestan @saysdanica @thoughtbubbler Like us! ‪http://www.facebook.com/youtubecrashcourse Follow us again! ‪http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse
Views: 6385932 CrashCourse
Economics Types of Economy   Centrally Planned and Market Economy
 
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Views: 6487 Arinjay Academy

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