Scarcity
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@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 :)
2durwz 7 months ago
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!
stepchangeable 1 year ago
a grt help !!!
thnx !
aditi1909 1 year ago
really good
clever50 1 year ago
i really liked it its not bad .but you should also have the opportunity cost
AMINDADU 2 years ago
Very nice video. it would be nice if you did more
Winstet420 2 years ago
Hey not bad please do more on inflation, recession, economic growth, opportunity costs, int'l trade and more
korrisha 2 years ago