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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: 302139 CrashCourse
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: 2679 Patel Vidhu
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: 1088318 Jacob Clifford
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: 408056 CrashCourse
Economic profit vs accounting profit | Microeconomics | Khan Academy
 
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Difference between a firm's accounting and economic profit Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/firm-economic-profit/economic-profit-tutorial/v/depreciation-and-opportunity-cost-of-capital?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/choices-opp-cost-tutorial/marginal-utility-tutorial/v/types-of-indifference-curves?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course 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 Microeconomics channel: https://www.youtube.com/channel/UC_6zQ54DjQJdLodwsxAsdZg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 338600 Khan Academy
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: 1623969 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: 333088 Jason Welker
What is FREE MARKET? What does FREE MARKET mean? FREE MARKET meaning & explanation
 
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✪✪✪✪✪ WORK FROM HOME! Looking for WORKERS for simple Internet data entry JOBS. $15-20 per hour. SIGN UP here - http://jobs.theaudiopedia.com ✪✪✪✪✪ ✪✪✪✪✪ The Audiopedia Android application, INSTALL NOW - https://play.google.com/store/apps/details?id=com.wTheAudiopedia_8069473 ✪✪✪✪✪ 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: 11055 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: 69357 Remember This
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.
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: 424495 CrashCourse
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: 1061399 PolyMatter
How The Profit Motive Benefits Society Free Market Capitalism
 
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this video aims to explain how the profit motive works to benefit society. i hope to provide a nice overview of how money works to motivate those to produce and help them to acquire resources to use for production
Views: 397 truth speak
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: 2989 Khan Academy
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: 1171383 PragerU
The Market Capitalism Model
 
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Market economy: The economy that emerges when people move beyond subsistence production to production for trade, and markets take on a more central role Subsistence: Production designed to meet basic needs for survival Causation: A theory of entrepreneurship emphasizing creative destruction and postulating that entrepreneurs look for imbalances in supply and demand curves Effectuation: A theory of entrepreneurship where entrepreneurs create new markets with new rules Capitalism: An economic ideology with a bundle of values including private ownership of means of production, the profit motive, free competition, and limited government restraint in markets Managerial capitalism: A market economy in which the dominant businesses are large firms run by salaried managers, not smaller firms run by owner-entrepreneurs Laissez-faire: An economic philosophy that rejects government intervention in markets
Views: 1826 Dr. D University
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: 927 new sparky
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: 545561 CrashCourse
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: 511902 CrashCourse
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.
What Is A Free Market Economy Tutor2u?
 
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"CATCH ON What Is A Free Market Economy Tutor2u LIST OF RELATED VIDEOS OF What Is A Free Market Economy Tutor2u IN THIS CHANNEL : What Is A Free Market Economy Tutor2u? https://www.youtube.com/watch?v=b80kXo1UUpM How Do I Rank Higher On Google Maps? https://www.youtube.com/watch?v=TLQd-UA87MI How Do I Post An Ad On Google? https://www.youtube.com/watch?v=cFr9w4cy044 How Do I See My Google Reviews? https://www.youtube.com/watch?v=rBWYOuxn7qc How Do I Set Up Google Adwords? https://www.youtube.com/watch?v=9MvKU7fk8l4 What Is A Free Market Economy? https://www.youtube.com/watch?v=StUVqm8IMGo What Is A Drip Marketing Campaign? https://www.youtube.com/watch?v=q9YZTLhfO9k How Do I Register My Business On Google? https://www.youtube.com/watch?v=3q3rt2yE-3k What Is Aritha Powder Used For? https://www.youtube.com/watch?v=zRt0ZmdyhX8 What Is A Flank Attack In Marketing? https://www.youtube.com/watch?v=J1rj2HWbXks"
Views: 140 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: 488322 CrashCourse
Economics - Principles of the Free Market
 
14:35
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: 6157 WarnerJordanEducation
The Economics of Airline Class
 
11:38
Check out Squarespace: http://www.Squarespace.com/Wendover 10% off code: Wendover Support Wendover Productions on Patreon: https://www.patreon.com/wendoverproductions Get a Wendover Productions t-shirt for $20: https://store.dftba.com/products/wendover-productions-shirt Youtube: http://www.YouTube.com/WendoverProductions Twitter: http://www.Twitter.com/WendoverPro Email: [email protected] Reddit: http://Reddit.com/r/WendoverProductions Select visuals courtesy http://www.Shutterstock.com Sound by Graham Haerther (http://www.Haerther.net) Select visuals courtesy British Airways Select visuals courtesy Etihad Airways Select visuals courtesy Virgin Galactic “Poldoro” by Milton Arias “Summer Movement 1” by John Harrison with the Wichita State University Chamber Players Big thanks to Patreon supporters: Rob Harvey, Venkata Kaushik Nunna, Josh Berger, Paul Jihoon Choi, Huang MingLei, Dylan Benson, Maximillian van Kasbergen, Victor Zimmer, William Chappell, Eyal Matsliah, Sihien,Joseph Bull, Marcelo Alves Vieira, Jonah Paarman, maco2035, Hank Green, Plinio Correa, Connor J Smith, Brady Bellini
Views: 6812901 Wendover Productions
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: 139572 Free Econ Help
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: 1664998 DW Documentary
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: 984084 The School of Life
What Are The Characteristics Of A Free Market Economy?
 
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"CATCH ON What Are The Characteristics Of A Free Market Economy LIST OF RELATED VIDEOS OF What Are The Characteristics Of A Free Market Economy IN THIS CHANNEL : What Are The Characteristics Of A Free Market Economy? https://www.youtube.com/watch?v=TDJX-BZu8wo What Are Demographic Factors In Marketing? https://www.youtube.com/watch?v=O5WfjTpG46I What Are Cultural Factors In Marketing? https://www.youtube.com/watch?v=X9vhZVFUAM8 What Are Key Performance Indicators In Marketing? https://www.youtube.com/watch?v=l9xm_x_vj9s What Are Social Forces In Marketing? https://www.youtube.com/watch?v=Sm5RZQjxX80 What Are The Benefits Of A Free Market Economy? https://www.youtube.com/watch?v=ejfDG5luLWU What Are The Activities Of Marketing? https://www.youtube.com/watch?v=W3Srjyho_3E What Are Internal Market Factors? https://www.youtube.com/watch?v=e72ZzsW5dLE What Are Some Of The Advantages And Disadvantages To A Market Economy? https://www.youtube.com/watch?v=KUu8KBTNAao What Are The Advantages And Disadvantages Of A Free Market Economy? https://www.youtube.com/watch?v=n23pS7ZP7pE"
Views: 431 sparky Facts
Monopoly Graph Review and Practice- Micro 4.7
 
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I explain how to draw and anaylze a monopoly graph. Make sure to answer the questions and check out the bonus dance at the end. No! We can't play the board game.Thanks for watching. Please subscribe. 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: 694461 Jacob Clifford
Elon Musk's Basic Economics
 
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Get your custom domain at http://hover.com/wendover Check out Joseph from Real Life Lore's book: http://amzn.to/2laZBie Subscribe to this new channel from Wendover Productions: https://www.youtube.com/halfasinteresting Check out my podcast with Brian from Real Engineering: https://itunes.apple.com/us/podcast/showmakers/id1224583218?mt=2 (iTunes link) https://www.youtube.com/channel/UC_10vJJqf2ZK0lWrb5BXAPg (YouTube link) Support Wendover Productions on Patreon: https://www.patreon.com/wendoverproductions Get a Wendover Productions t-shirt for $20: https://store.dftba.com/products/wendover-productions-shirt Youtube: http://www.YouTube.com/WendoverProductions Twitter: http://www.Twitter.com/WendoverPro Email: [email protected] Reddit: http://Reddit.com/r/WendoverProductions Animation by Josh Sherrington (https://www.youtube.com/heliosphere) Sound by Graham Haerther (http://www.Haerther.net) Thumbnail by Joe Cieplinski (http://joecieplinski.com/) Elon Musk Photo 1 courtesy Heisenberg Media SpaceX footage courtesy SpaceX Tesla footage courtesy Tesla Music: "Under Suspicion" by Lee Rosevere and "Euphoric" by Sound of Picture Big thanks to Patreon supporters: Kevin Song, Kevin Song, David Cichowski, Andy Tran, Victor Zimmer, Paul Jihoon Choi, Dylan Benson, M van Kasbergen, Etienne Dechamps, Adil Abdulla, Arunabh Chattopadhyay, Ieng Chi Hin, Ken Rutabana, John Johnston, Connor J Smith, Rob Harvey, Arkadiy Kulev, Hagai Bloch Gadot, Aitan Magence, Eyal Matsliah, Sihien Goh, Joseph Bull, Marcelo Alves Vieira, Hank Green, Plinio Correa, Brady Bellini
Views: 3438397 Wendover Productions
Why Nations Become Rich: Small-Business Entrepreneurs and Free-Market Economics (2008)
 
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The laissez-faire principle expresses a preference for an absence of non-market pressures on prices and wages, such as those from discriminatory government taxes, subsidies, tariffs, regulations of purely private behavior, or government-granted or coercive monopolies. Friedrich Hayek argued in The Pure Theory of Capital that the goal is the preservation of the unique information contained in the price itself. The definition of free market has been disputed and made complex by collectivist political philosophers and socialist economic ideas.[4] This contention arose from the divergence from classical economists such as Richard Cantillon, Adam Smith, David Ricardo, and Thomas Robert Malthus, and from the continental economic science developed primarily by the Spanish scholastic and French classical economists, including Anne-Robert-Jacques Turgot, Baron de Laune, Jean-Baptiste Say and Frédéric Bastiat. During the marginal revolution, subjective value theory was rediscovered.[5] Various forms of socialism based on free markets have existed since the 19th century. Early notable socialist proponents of free markets include Pierre-Joseph Proudhon, Benjamin Tucker, and the Ricardian socialists. These economists believed that genuinely free markets and voluntary exchange could not exist within the exploitative conditions of capitalism. These proposals ranged from various forms of worker cooperatives operating in a free market economy, such as the Mutualist system proposed by Proudhon, to state-owned enterprises operating in unregulated and open markets. These models of socialism are not to be confused with other forms of market socialism (e.g. the Lange model) where publicly owned enterprises are coordinated by various degrees of economic planning, or where capital good prices are determined through marginal cost pricing. Advocates of free-market socialism such as Jaroslav Vanek argue that genuinely free markets are not possible under conditions of private ownership of productive property. Instead, he contends that the class differences and inequalities in income and power that result from private ownership enable the interests of the dominant class to skew the market to their favor, either in the form of monopoly and market power, or by utilizing their wealth and resources to legislate government policies that benefit their specific business interests.[6] Additionally, Vanek states that workers in a socialist economy based on cooperative and self-managed enterprises have stronger incentives to maximize productivity because they would receive a share of the profits (based on the overall performance of their enterprise) in addition to receiving their fixed wage or salary. Socialists also assert that free market capitalism leads to an excessively skewed distribution of income, which in turn leads to social instability. As a result, corrective measures in the form of social welfare[7], re-distributive taxation, and administrative costs are required, which end up being paid into workers hands who spend and help the economy to run. Corporate monopolies run rampant in free markets, with endless agency over the consumer. Thus, free market socialism desires government regulation of markets to prevent social instability, although at the cost of taxpayer dollars. https://en.wikipedia.org/wiki/Free_market
Views: 624 The Film Archives
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: 28172 Mexie
🎩 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: 22040 EconClips
Free Market Revolution: Did Ayn Rand Provide a Path to Economic Prosperity?
 
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Author Yaron Brook talks to Bill Whittle about his book Free Market Revolution. Brook thinks that Ayn Rand provided answers to our modern fiscal and economic problems. You will want to hear more about the housing crisis, government spending, and roots of the current economic stagnation in this special PJTV interview. See more at http://www.pjtv.com
Views: 7490 PJ Media
The deceptive promise of free trade | DW Documentary
 
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Global trade is a hot topic of the G7 summit in Canada. Is free trade truly free - and fair? What roles do US President Trump, economic powerhouse China, and the EU play in global trade? When it comes to global trade, it would seem that trickery, threats and deception are the order of the day - yet all this takes place largely beyond the reach of the public eye. Donald Trump has made "America First” his agenda and rallying cry. Along with aiming sharp criticism at global export champion Germany, Trump has also introduced punitive tariffs and warned of further measures. Will this fresh wave of protectionism lead to economic isolationism and threaten global free trade? And what about those for whom free trade’s promise of prosperity increasingly rings hollow? Around the world, many people have come to regard themselves as the losers of globalization. If the true winners of free trade and globalization are not ordinary citizens, has the time come to revise the liberal orthodoxy of free trade? This documentary visits Germany, Switzerland, the United States and Cameroon to explore these issues by way of some everyday examples, including the trade in onions, floor tiles, and bicycles. _______ DW Documentary gives you knowledge beyond the headlines. Watch high-class documentaries from German broadcasters and international production companies. Meet intriguing people, travel to distant lands, get a look behind the complexities of daily life and build a deeper understanding of current affairs and global events. Subscribe and explore the world around you with DW Documentary. Subscribe to DW Documentary: https://www.youtube.com/channel/UCW39zufHfsuGgpLviKh297Q?sub_confirmation=1# For more documentaries visit: http://www.dw.com/en/tv/docfilm/s-3610 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: 911429 DW Documentary
Monopoly Power in Markets - Applied Examples
 
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This video tutorial looks at examples of industries where one or more firms has significant monopoly (market) power. It is an introduction to monopoly ahead of the the main analysis of price, output and profit in monopolistic markets. For more help with your A Level / IB Economics, visit tutor2u Economics http://www.tutor2u.net/economics If you find this topic video helpful, please SUBSCRIBE to our YouTube Channel For more help with Economics: Follow tutor2u Economics on Twitter: https://twitter.com/tutor2uEcon https://twitter.com/tutor2uGeoff - - - - - - - - - MORE ABOUT TUTOR2U ECONOMICS: Visit tutor2u Economics for thousands of free study notes, videos, quizzes and more: https://www.tutor2u.net/economics A Level Economics Revision Flashcards: https://www.tutor2u.net/economics/store/selections/alevel-economics-revision-flashcards A Level Economics Example Top Grade Essays: https://www.tutor2u.net/economics/store/selections/exemplar-essays-for-a-level-economics
Views: 9125 tutor2u
17 Difference Between Capitalism And Socialism
 
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1. In a capitalist economy, property, and businesses are owned and controlled by individuals. In a socialist economy, the state owns and controls the major means of production. 2. Under capitalism, companies live by the profit motive. They exist to make money. 3. Socialist systems emphasize equal distribution of wealth among the people. 4. In a pure socialist economy, there is no free market like we see in a capitalist nation. 5. A capitalist system is also called a free market economy or free enterprise. 6. The capitalist argument is that the profit incentive drives corporations to develop innovative new products that are wanted by the consumer and have demand in the marketplace. 7. In a capitalist economy, the state does not directly employ the workforce. This can lead to unemployment during times of economic recession.  8. The modern world economy operates largely according to the principles of capitalism. The UK, US, and Hong Kong are mostly capitalist. 9. Union of Soviet Socialist Republics (USSR): although the actual categorization of the USSR's economic system is in dispute, it is often considered to be a form of centrally-planned socialism. 10. Capitalism affords economic freedom, consumer choice, and economic growth.  Socialism provides for a greater social welfare and decreases business fluctuations. 11. An economy based on capitalism is invariably going to experience growth and decline. 12. Social Structure: Capitalism: The capitalists own shares of the means of production and derive their income in that way while the working class is dependent on wages or salaries.  Socialism: Class distinctions are diminished. Status derived more from political distinctions than class distinctions.  13. Religion Capitalism: Freedom of religion. Socialism: Freedom of religion, but usually promotes secularism. 14, Prices: Capitalism: Determined by the market forces Socialism: Determined by the Government 16. Competition: Capitalism: Very High Socialism: No competition exists between firms. 17. Government Interference Capitalism: No or marginal Socialism: Government decides everything.
Views: 17515 Patel Vidhu
It's Everybody's Business 1954 US Chamber of Commerce; John Sutherland Animation Macdonald Carey
 
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Support this channel: https://www.patreon.com/jeffquitney Financial Classic Films playlist: https://www.youtube.com/playlist?list=PLE7527E1C9F0B138B Animation, Cartoons, Art, Artists & Arts Miscellany playlist... https://www.youtube.com/playlist?list=PL7FAC5AA4A21B10C0 more at http://money.quickfound.net/ "Corporate Cold War-era cartoon linking Bill of Rights to free-enterprise ideology." Produced by John Sutherland. Originally a public domain film from the Library of Congress Prelinger Archives, slightly cropped to remove uneven edges, with the aspect ratio corrected, and one-pass brightness-contrast-color correction & mild video noise reduction applied. The soundtrack was also processed with volume normalization, noise reduction, clipping reduction, and/or equalization (the resulting sound, though not perfect, is far less noisy than the original). https://en.wikipedia.org/wiki/Capitalism Wikipedia license: http://creativecommons.org/licenses/by-sa/3.0/ Capitalism is an economic system and an ideology based on private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system, and competitive markets. In a capitalist market economy, decision-making and investment are determined by the owners of the factors of production in financial and capital markets, and prices and the distribution of goods are mainly determined by competition in the market. Economists, political economists, and historians have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include laissez-faire or free market capitalism, welfare capitalism, and state capitalism. Different forms of capitalism feature varying degrees of free markets, public ownership, obstacles to free competition, and state-sanctioned social policies. The degree of competition in markets, the role of intervention and regulation, and the scope of state ownership vary across different models of capitalism; the extent to which different markets are free, as well as the rules defining private property, are matters of politics and policy. Most existing capitalist economies are mixed economies, which combine elements of free markets with state intervention, and in some cases economic planning. Market economies have existed under many forms of government, in many different times, places, and cultures. The development of capitalist societies, however, marked by a universalization of money-based social relations, a consistently large and system-wide class of workers who must work for wages, and a capitalist class which dominates control of wealth and political power, developed in Western Europe in a process that led to the Industrial Revolution. Capitalist systems with varying degrees of direct government intervention have since become dominant in the Western world and continue to spread. Capitalism has been criticized for establishing power in the hands of a minority capitalist class that exists through the exploitation of a working class majority; for prioritizing profit over social good, natural resources, and the environment; and for being an engine of inequality and economic instabilities. Supporters believe that it provides better products through competition, creates strong economic growth, yields productivity and prosperity that greatly benefits society, as well as being the most efficient system known for allocation of resources...
Views: 286321 Jeff Quitney
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: 301047 Khan Academy
What is the social market economy?
 
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The social market economy reprents the economic and social order in Germany. The film explains basic principles of this concept for an easy access to the topic. If you want to learn more about the social market economy visit AdenauerCampus (Political education online): https://www.adenauercampus.de/themen/soziale-marktwirtschaft for a theoretical approach with a look on the current debate: https://www.kas.de/web/soziale-marktwirtschaft basic terms and a glossary to social market economy: https://www.kas.de/glossar Eine deutsche Ausgabe des Videos finden Sie hier: https://youtu.be/9sF7nOxUeQo
Views: 974 onlinekas
The Subscription Economy Continues to Dominate Business Models - Paul Mampilly's Market Talk
 
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In today’s Market Talk, Paul Mampilly, Amber Lancaster and Ian Dyer discuss: · The subscription economy’s continued growth. · February’s surprising jobs report. · The Federal Reserve’s latest stance on interest rates. · The millennial trend of getting into the housing market. · Big news for the semiconductor industry. Prefer to read a transcript? View the full article at https://banyanhill.com/ About Bold Profits Daily: With this publication, you’re getting access to Paul Mampilly and his team of experts’ revolutionary way of investing. We’ve made this research accessible to everyone, regardless of how much money you have, your investment acumen or your risk tolerance. We’ll show you how to get in on the ground floor of the market’s biggest growth opportunities. We look ahead to tomorrow’s megatrends and the sectors and companies fulfilling the needs of the future, and we make those investments today. We know these are the lucrative opportunities most investors don’t recognize until it’s too late. Sign up for FREE to Bold Profits Daily today and start your journey to more profitable investing! https://research.banyanhill.com/1194557 Follow Bold Profits Daily & The Gurus on Social Media! Twitter: https://twitter.com/BoldProfitDaily Facebook: https://www.facebook.com/BoldProfitsDaily/ Check out Paul’s blog and recommended investment resources at https://paulmampillyguru.com/ Like the info in this video? Comment below and let us know! Additionally, we love suggestions for new video topics, so feel free to share what you’d like to hear in future videos!
Views: 2608 Paul Mampilly
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: 51 Question Text
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: 90730 CrashCourse
Defending the Market Economy - A Lecture by Friedrich A. Hayek
 
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Friedrich August von Hayek (1899-1992), was an Austrian-born economist and philosopher known for his defence of classical liberalism and free-market capitalism against socialist and collectivist thought. He is considered by some to be one of the most important economists and political philosophers of the twentieth century. Hayek's account of how changing prices communicate signals which enable individuals to coordinate their plans is widely regarded as an important achievement in economics. Hayek also wrote on the topics of jurisprudence, neuroscience and the history of ideas. Hayek is one of the most influential members of the Austrian School of economics, and in 1974 shared the Nobel Memorial Prize in Economics for his "pioneering work in the theory of money and economic fluctuations and [his] penetrating analysis of the interdependence of economic, social and institutional phenomena." He also received the U.S. Presidential Medal of Freedom in 1991 from president George H. W. Bush. Hayek lived in Austria, Great Britain, the United States and Germany, and became a British subject in 1938. He spent most of his academic life at the LSE, the University of Chicago, and the University of Freiburg. (Source: Wikipedia) Biography of F.A. Hayek http://mises.org/about/3234 Selected online books and essays by F.A. Hayek: The Road to Serfdom http://www.atlasusa.org/reports/Road_to_Serfdom_condensed.pdf Intellectuals and Socialism http://mises.org/resources/1019 Individualism and Economic Order http://mises.org/resources/4015 Tiger by the Tail http://mises.org/resources/4098 A Free-Market Monetary System and Pretense of Knowledge http://mises.org/resources/3925 What Price a Planned Economy? http://mises.org/daily/4004 Engineers and Planners http://mises.org/daily/2782 A Free-Market Monetary System http://mises.org/daily/3204 Road to Serfdom in Cartoons http://mises.org/resources/1003 The Pure Theory of Capital http://mises.org/resources/3032 Reflections on the Pure Theory of Money of Mr. J.M. Keynes http://mises.org/resources/3035 The Mythology of Capital http://mises.org/resources/3034 Can We Still Avoid Inflation? http://mises.org/resources/2672 Choice in Currency http://mises.org/resources/3983 Denationalisation of Money: the Argument Refined http://mises.org/resources/3970 Economics and Knowledge http://mises.org/resources/88 Monetary Nationalism and International Stability http://mises.org/resources/570 Monetary Theory and the Trade Cycle http://mises.org/daily/3121 The Meaning of Competition http://mises.org/daily/4181 Prices and Production http://mises.org/resources/3665 Profits, Interest, and Investment http://mises.org/resources/4901 Investment that Raises the Demand for Capital http://mises.org/resources/3033 The Non Sequitur of the Dependence Effect http://mises.org/resources/1039 Substitute for Foreign Aid http://mises.org/daily/3596 Decline of the Rule of Law http://mises.org/daily/3610 Mises As We Knew Him http://mises.org/daily/3511 The Skillful Professor Rothbard http://mises.org/daily/1964 The Use of Knowledge in Society http://mises.org/resources/89 The Pretence of Knowledge http://mises.org/resources/1002 Related links: http://hayekcenter.org http://www.econlib.org/library/Enc/bios/Hayek.html http://www.iea.org.uk http://mises.org http://www.lewrockwell.com
Views: 6113 LibertyInOurTime
Economics Types of Economy   Centrally Planned and Market Economy
 
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Visit our website www.arinjayacademy.com for Hindi,  Maths, Accounts, CA Final International Tax, Direct Tax at following links  Hindi Class 6 Notes, click -  https://www.arinjayacademy.com/hindi-vyakaran-हिंदी-व्याकरण-class-6/ Hindi Class 7 Notes, click -  https://www.arinjayacademy.com/hindi-vyakaran-class-7/  Hindi Class 8 Notes, click -  https://www.arinjayacademy.com/hindi-vyakaran-class-8/ Hindi Class 9 and Class 10 Notes, click -  https://www.arinjayacademy.com/hindi-vyakaran-class-10/ Maths Class 3 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-3/ Maths Class 4 Notes, click -  https://www.arinjayacademy.com/maths-class-4/ Maths Class 5 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-5/  Maths Class 6 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-6/  Maths Class 7 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-7/  Maths Class 8 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-8/ Accounts Class 11 Notes, click - https://www.arinjayacademy.com/accounts_class-xi/ Accounts Class 12 Notes, click  -  https://www.arinjayacademy.com/accountancy-class-12/  CA Final International Tax Notes, click -  https://www.arinjayacademy.com/ca-final-elective-paper-6c-international-tax/ Transfer Pricing Notes, click -  https://www.arinjayacademy.com/transfer-pricing/ International Tax Article by Article Notes, Click -  https://www.arinjayacademy.com/international-tax-interpreting-tax-treaty/ Download Arinjay Academy app at : - https://play.google.com/store/apps/details?id=com.arinjayacademy You can access our content at https://www.arinjayacademy.com/learn Practice Accounts Exercise Class XII at - https://www.arinjayacademy.com/learn/Accounts-Class-XII?tab=3 Practice Maths Exercise Class VI at - https://www.arinjayacademy.com/learn/MathsClassVI?tab=3 Practice Maths Exercise Class VII at - https://www.arinjayacademy.com/learn/Maths--Class---7-?tab=3 Practice Hindi Exercise Class VI at - https://www.arinjayacademy.com/learn/Hindi---Class-6--?tab=3 Practice Economics Exercise Class XII at - https://www.arinjayacademy.com/learn/Economics---Class-12?tab=3 www.iedubook.com provides this video, which is one of our collections of ever increasing videos on Mathematics, Economics, Accounts, Physics, Chemistry and others meant for students of CBSE, ICSE, NCERT, aspirants of MBA, Bank exmas and any other area.
Views: 7490 Arinjay Academy
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: 1647914 CrashCourse
The Price System, Part 2: Profits & Losses
 
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What is the social function of profits and losses? As Prof. Daniel J. Smith of Troy University describes, they provide an incentive for people to follow the information provided by the price system. By pursing profits and avoiding losses, producers and consumers use scarce resources in effective ways. In anticipation of being rewarded with profit, people and businesses are encouraged to undertake activity that will create valuable outputs. At the same time, the potential for losses encourages them to avoid excessive risks and wasteful activity. Policies that reduce profits, such as taxation, or reduce losses, such as bailouts, disrupt this function of prices and lead to inefficient uses of resources. Watch more videos: http://lrnlbty.co/y5tTcY
Views: 22797 Learn Liberty
Property rights in a market system | Basic Economic Concepts | AP(R) Microeconomics   | Khan Academy
 
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Market systems only function well when property rights are well defined. Take a deeper dive into the role of property rights in a market system in this video. 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: 7705 Khan Academy
€1,257.76 Profit with Economic Calendar |NO STRATEGY NEEDED 🚽
 
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▼Join My Academy▼ ✅💰Income-Mentor-Box Academy (Signup)➥ http://www.incomementorbox.com/ ✅👉Income Mentor Box read FULL Review➥ http://www.investing-news.net/income-mentor-box-day-trading-academy/ Do you want to finally leave your 9-5 full time job? Making money from the comfort of your own home is easier than ever with out Day Trading Academy. From very start our main goal is to teach you how to become a “successful day trader from home”. As the old saying goes, “Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime". This is the exactly the principle that we are going for here, education for long term success. ✅► Join Our Trading Community on Facebook!!! Receive trading signals for free 24h/5 days a week. And learn how to become successful independent full-time trader (Learn everything you need to know about forex,stocks,indices trading & strategies) http://www.incomementorbox.com/ 🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺 ✅▼ BEST REGULATED and MOST RELIABLE BROKERS▼ http://www.investing-news.net/trusted-brokers/ DISCLAIMER: I do not ask you for any information. I always encourage members to only trade what yu understand, never trade based on other peoples opinions. My videos are for entertainment purposes only. I am not a professional financial adviser. All investments you make are of your own. Always do your own research. If you have any questions please contact me and I will try to help you: [email protected] #bestforexstrategy #howtowinforex #incomementorbox #supportandresistance #bestforexstrategy2019
8 Capitalist Economy
 
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Capitalist Economy Under capitalist economy system, factors of production (land, labour, capital and organisations) are owned by private individuals. Profit is the sole motive. Features of Capitalistic economy  Minimum Government restriction: Government does not intervene in day-to-day economic activities of an individual. Producers as well as consumers take their independent decisions.  Private ownership: Factors of production e.g. machines, mines, factories, farmhouses etc. are owned by private entrepreneurs. They are free to use these to produce commodities, the way they like to.  Consumer sovereignty: Consumers have total freedom to consume any product, according to their choice. The producers, therefore, produce as per consumer demand.  Free market: The entrepreneurs have freedom to take decision regarding production and profitability on their own. The price is determined by demand and supply in the market.  Profit motive: The prime motive is to maximize profit. So, people tend to take up assignments that would generate profit, and avoid non profitable ventures. Merits & Demerits of Capitalist Economy  Merits : Capitalist Economy is self adjusting, allows competition, provides efficient utilisation of resources, allows consumer freedom and enhances availability of products, at lower price.  Demerits : Capitalist Economy tends to cause inequality of income, class Struggle, neglect of social welfare, economic insecurity & monopoly
Views: 569 Sikshayati