this vid was very helpful!!!! I have a presentation on Adam Smith tomorrow hahaha wish me luckkkk

@gauravagrawal4564

3 жыл бұрын

Tina Li a Are you allowed to speak about capitalism at all?

@tinali5995

3 жыл бұрын

@@gauravagrawal4564 I did for my presentation

@gauravagrawal4564

3 жыл бұрын

Tina Li Interesting, as you’ve been speaking on capitalism. What country you belong to? As it’s a taboo now to speak for capitalism.

@tinali5995

3 жыл бұрын

@@gauravagrawal4564 I'm not so sure since it's been so long thinking back to when I did the presentation, but Adam Smith does have a lot to do with capitalism vs socialism, he introduced new ideas to help the market at the time, and I'm pretty sure you can find details of Smith on Google :)

@gauravagrawal4564

3 жыл бұрын

Tina Li I’m well aware of these things. Purpose behind asking this is communist/socialist governments are banning capitalism. In fact the books and even the people.

Helpful. Studying Econ 101 in UofAlberta 2^nd year Engineering.

@demetriusdemarcusbartholom8063

3 жыл бұрын

@Irene Econ is my complementary elective.

@demetriusdemarcusbartholom8063

3 жыл бұрын

All engineers(except Civil) in our university are required to take 2 complementary electives(courses not in engineering). I chose Econ 101(micro-economics) & Econ 102(macro-economics). I got an A- in Econ 101. I'll be taking Econ 102 this spring/summer.

@demetriusdemarcusbartholom8063

3 жыл бұрын

@Irene thanks

Thanks

1:10 Nikocado sits on his ass after Orlin bakes him bread with ghost ramen noodles and doritos.

If it can be done yourself what good is your invisible hand?

Vincenzo brought me here..... But thanks i came it is sone interesting stuff to Know.

@sanjiro2415

2 жыл бұрын

I know that drama but I came here cuz of my Econ mid term 😭🤚

@heya-fq2nb

2 жыл бұрын

@@sanjiro2415 which Sem?

terima kasih penjelasannya salam fransiskus pardo

@morehunnads4033

3 жыл бұрын

chub kar

This is why tax destroys this no matter how small the percentage

i cant believe min yoongi brought me here but he did

@natashaanya30

3 жыл бұрын

really? from what video?

@NicoleLovesBTS

3 жыл бұрын

@@natashaanya30 break the silence EP 7

@belapatata1819

3 жыл бұрын

My god. I'm here for the same reason.

@tashn.k9154

3 жыл бұрын

I can't believe I found a bts mention in a video of economics at 3 am while trying to study for a test. I'm-

Until a monopoly is formed and your consent is either coerced or you have no other choice.

@Zack-rc3dt

3 жыл бұрын

Monopolies are very rare in free market economies.

@PastStory

3 жыл бұрын

@@Zack-rc3dt Not true as it occurred many times and they had to make it illegal, so what you have now is a small group of companies which make sure they are the only ones that dominate the market, but because they cooperate to oust the competition they function no different than a monopoly.

@boredaf5782

3 жыл бұрын

Monopolies can't form in a free market, because whenever a business man gets cocky another business man competes against him with a better and/or cheaper product, every monopoly we've seen in our modern market is a result of less freedom to compete not more, just look at patent laws and heavy regulations, i mean the government voluntarily gives corporations 2p year monopolies with nothing in return and you blame capitalism for it?

@boredaf5782

3 жыл бұрын

@@PastStory actually no, the only reason monopolies happen is because business men lobby the government to get rid of their competition for them, in other words its the corrupt government who has too much power, if the market were more free it would only he logical that we'd have more competition not less, just look leader boards in video games for example, the top players loose their place constantly they don't just get to keep it forever

@Zack-rc3dt

3 жыл бұрын

@@JackSparrow-rv3cc Elaborate

Adam Smith! such an absolute cutie! Coochie coochie coo~❤️❤️❤️

What if the bread is made of resources farmed by children in Africa?

@thetasworld

4 жыл бұрын

Or what if a dude owns all the bakeries?

@demomanmatt

3 жыл бұрын

@@thetasworld Then start a bakery.

@hellinterface6721

3 жыл бұрын

Then start farming.

@gauravagrawal4564

3 жыл бұрын

Imagine if the bread is not farmed at all by the children. They’ll die anyway.

@GeneralArmorus

3 жыл бұрын

@@gauravagrawal4564 I don't see why not. But if so then perhaps it's for the best then.