Scarcity

[stepchangeable]

I totally disagree. The outputs are scarce because there's not enough money in it. There simply are not enough people who can afford yachts, mansions and big cars to go around. As any sports car manufacturer how many cars they make. The resources are there, its just there aren't enough customers at that price point!

[2durwz]

@stepchangeable

even if there existed a lot of customers at the price level, still the output would be scarce, because again we go back to square one producing more units of commodities using limited natural resources (scarce inputs).

BMW cant take 200000000 orders and make them all ! See the video again, i guess its beautifully explained there  :)

[aditi1909]

a grt help !!!

thnx !

[clever50]

really good

[AMINDADU]

i really liked it its not bad .but you should also have the opportunity cost

[Winstet420]

Very nice video. it would be nice if you did more

[korrisha]

Hey not bad please do more on inflation, recession, economic growth, opportunity costs, int'l trade and more