Supply, Demand, Price - The Foundations of Wealth - 10

Most of us associate wealth with money but real wealth can only be achieved through the production and distribution of goods and services. This sample of a series of ten playful English segments will explain how society evolved in such a way to enable a huge increase in production to be achieved. Of course there were no television cameras or film crews available 10,000 years ago to record what happened, so this series uses cartoons to illustrate how things might have been all those years ago!

The Foundations of Wealth is designed to help students understand what the subject of Economics is all about. Economic decisions are made every day even though students may not be aware of them. For example, all of us think about: How will I choose to spend my time today? How will I choose to spend my money? Who made the things I use? How were they made? This series of videos will help explain a great deal about the way in which these decisions are made.

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Category:

Howto & Style

Tags:

• Economics
• Government
• History
• Capitalism
• Poverty
• Wealth
• Money
• Socialism

[MinuteMan9911]

Drop the value of the currency and the price goes up. Increase taxes on the miners and the price goes up. Now China can supply salt to everyone at a lower price without you! If our gov't was working correctly you would have been selling to china!

[kevlyk]

exhilarating