GiganticWebsites.com is a project through which I make it possible for people to build truly gigantic websites (thousands of articles each!) at ridiculously low prices. If you have a great domain you want to turn into an amazing website or an existing site you'd like to upgrade/scale, visit our website or check out the One Minute Economics presentation video below: ua-cam.com/video/gE8yEOQFMvo/v-deo.html Please note that this comment is not an ad for a third-party service provider. GiganticWebsites.com is my baby 100% and I will personally be involved in each and every project so as to ensure the website turns out great :)
oh my, i have seen this video so many times that im not able to forget anymore! Thanks Vergara, you are de best one. In the beginning this sounded surreal to understand, and now is so simple.
Thank you sooo much for explaining it! It was straight to the point, and it helped me review stuff that I have forgotten in the most simplest, yet useful way possible!
Let's assume you live in a small town ... Thank you, boss of this channel, cause this content is a great help to somebody who would like a good material
We've been trained to demand that which is easiest for the suppliers to supply.The things that benefit us aren't as easy to supply as the things that don't benefit us.One example would be to compare the distribution of canned goods versus fresh produce.One has a short shelf life and the other has a long shelf life.
What if Peter is still the only supplier of bananas but he has a large supply less than the demand? Does the banana price decrease? Or only if Sarah and others supply bananas too? That's where I'm struggling. Is "supply" referring to the quantity of the product itself or the people who supply them?
Thanks a lot for the support, it means a lot to me that people appreciate my work. Right now, I just want to grow the community and even have ads disabled altogether, so all I want atm are comments like yours :)
The thing is, this channel is still in its infancy, so my #1 goal is spreading the word and getting more subscribers. As time passes and the community grows, I'll think of ways to make money. Probably not ads though, as it would be annoying for viewers for one-minute clips to contain ads. My book is almost finished, so people will be able to support the channel by buying it. It will have about 450 pages and cost less than 5 bucks. The most effective thing those who want to help me out can do is visit OneMinuteEconomics.com, subscribe to my newsletter so that I can inform them once the book launches and buy it on the first week of the launch. A strong launch will enable me to generate some momentum, so buying the book right from the beginning would help a LOT :)
Hey man I love your avatar, Bruce Lee just avenged his sister's death, killing O'hara, in front of Han on Han's island. This was at a annual or bi-annual tournament on the island. When I saw your avatar, my soul kissed the sky
Shareholders mes up supply and demand math. One doesn't take the profits from strawberries and invest in apples, AKA hedge funds. The paying customers didn't overpay for strawberries to want apples
Supply and Demand Explained in One Minute (Transcrição) 1 - Let’s assume you live in a small town where nobody sells bananas. In other words - zero supply. Now let’s also assume that the people who live there would love to eat bananas. In other words, there is a decent demand for bananas. As we can see, there is currently an imbalance. 2 - People want bananas but there are no sellers. Peter understands this and starts selling bananas. At the beginning, his profits will be huge because lots of people want bananas and he’s the only one who has them. 3 - As time passes, however, Sarah will notice how well Peter is doing and start selling bananas herself. This increases the supply of bananas and diminishes Peter’s profit potential. The more people start selling bananas, the more supply there will be. 4 - If too many people end up selling bananas but the demand doesn’t increase as well, there will be too much supply and some of them will go out of business. Eventually, some kind of a balance tends to be reached.
Let’s assume you live in a small town where nobody sells bananas. In other words - zero supply. Now let’s also assume that the people who live there would love to eat bananas. In other words, there is a decent demand for bananas. As we can see, there is currently an imbalance. 2 - People want bananas but there are no sellers. Peter understands this and starts selling bananas. At the beginning, his profits will be huge because lots of people want bananas and he’s the only one who has them. 3 - As time passes, however, Sarah will notice how well Peter is doing and start selling bananas herself. This increases the supply of bananas and diminishes Peter’s profit potential. The more people start selling bananas, the more supply there will be. 4 - If too many people end up selling bananas but the demand doesn’t increase as well, there will be too much supply and some of them will go out of business. Eventually, some kind of a balance tends to be reached.
so if i understand correctly, there will be an unbalance ( too many people that eat bananas ) In aviation is there such a thing as traveling to much that causes an unbalance in demand and supply?
Hi there. The supply and demand does not really work in the real world all the time though does it? Eg: Two conditions are necessary for this to be true: (a) that all people have to have the same tastes; (b) that each person’s tastes remain the same as his income changes, so that every additional dollar of income was spent exactly the same way as all previous dollars - for example, 20 cents per dollar on pizza, 10 cents per dollar on bananas, 40 cents per dollar on housing, etc. There is transitivity between not just bananas but all other products and prices which alters the supply/demand outcome. The critique is called the Sonnenschein-Mantel-Debreu [SMD] conditions.
I definitely agree that one cannot use supply and demand to predict human behavior in a 100% accurate and consistent manner but still, it's fascinating just how many things can be explained through simple supply and demand economics. Thanks a lot for dropping by and for the insightful comment, welcome to the community :)
Doesn't have to be one or the other, economics is notoriously complex in some cases :) For example, both supply and demand can go up at the same time. The same way, they can go down in tandem. On the other hand, perhaps supply takes a hit but demand stays the same. Or demand takes a hit and things remain the same on the supply side. Or one goes up and the other down... you get the point. It's unfortunately not as simple as something like "if demand goes up, supply has to go up" and variations thereof :(
I’ve gotten better at understanding supply and demand but can someone explain this or is it a glitch in supply and demand? How come fast food is less expensive than healthy food since there is more demand for fast food than healthy food? Shouldn’t healthy food be cheaper since less people want it (aka the demand is lower)?
Fast food customers want, as the name suggests... food, fast. Heh. In most cases, this means business owners can get away with cheap sub-par ingredients... add enough fats/sugar and folks won't notice. To serve health-conscious buyers though, you need quality ingredients and those are more expensive. So even if let's say demand for health food would go up (I for one hope so!) and businesses could cut prices by making up for it through volume, higher input costs will still be a "thing" that tends to make the price of healthy food higher. Cheaper? Yes. As cheap as fast food? Probably not.
This video is missing one crucial key in supply and demand that unites both the seller and the buyer: prices. People may want bananas, but how much do they want to buy? They will want to decide what it's worth and the cost to buy this many bananas, which also depends on how much sellers of bananas want to sell. Whatever quantities of bananas there are isn't what's important. It's about relationships based around that key crucial point. Which means not everyone wants bananas, and the guy with the shelf of bread won't necessarily go empty-handed if he places in a price both sides are happy with. The price also influences the production of those goods as well.
If too many people end up selling bananas but the demand doesn’t increase as well, there will be too much supply and some of them will go out of business. Eventually, some kind of a balance tends to be reached.
Let’s assume you live in a small town where nobody sells bananas. In other words - zero supply. Now let’s also assume that the people who live there would love to eat bananas. In other words, there is a decent demand for bananas. As we can see, there is currently an imbalance.
This one makes a contradiction for first foundational assumption of economics which says "demand is infinite." But if it were infinite, nothing could satisfy it and everyprice for everything would be infinite too
One Minute Economics needs your help! Please give me a minute (heh) of your time by watching the following video if you find the channel useful, literally anyone can help (either financially or by spreading the word about my work): ua-cam.com/video/io04ckq1X1M/v-deo.html
GiganticWebsites.com is a project through which I make it possible for people to build truly gigantic websites (thousands of articles each!) at ridiculously low prices. If you have a great domain you want to turn into an amazing website or an existing site you'd like to upgrade/scale, visit our website or check out the One Minute Economics presentation video below:
ua-cam.com/video/gE8yEOQFMvo/v-deo.html
Please note that this comment is not an ad for a third-party service provider. GiganticWebsites.com is my baby 100% and I will personally be involved in each and every project so as to ensure the website turns out great :)
no intro straight to the point. well done
oh my, i have seen this video so many times that im not able to forget anymore! Thanks Vergara, you are de best one. In the beginning this sounded surreal to understand, and now is so simple.
Thank you sooo much for explaining it! It was straight to the point, and it helped me review stuff that I have forgotten in the most simplest, yet useful way possible!
Learning english + learning of supply and demand hahaha, thank you very much
Congrats + congrats :)
@@cumpanherodomtst961 yeah men!
Dale Vergara kkkk tmj
Yes hahahaha
Mathias Foletto oi! Tem como ouvir e ler ao mesmo tempo? Como os áudios do Jackson Roger?
best video I ever saw
Let's assume you live in a small town ...
Thank you, boss of this channel, cause this content is a great help to somebody who would like a good material
We've been trained to demand that which is easiest for the suppliers to supply.The things that benefit us aren't as easy to supply as the things that don't benefit us.One example would be to compare the distribution of canned goods versus fresh produce.One has a short shelf life and the other has a long shelf life.
My like Mairo Vergara ;)
Very Educational. I would recommend this video for educational purposes!
Já assisti tanto esse vídeo que nunca mais vou esquecer ele
Feliz de ouvir isso :)
LOVED THIS
What if Peter is still the only supplier of bananas but he has a large supply less than the demand? Does the banana price decrease? Or only if Sarah and others supply bananas too? That's where I'm struggling. Is "supply" referring to the quantity of the product itself or the people who supply them?
cliquei no gostei estou deixando comentário! prontinho Gratidão! Obrigada, vim pelo site do Mairo
Eu também 😃
So glad I came across this channel
Thanks a lot for the support, it means a lot to me that people appreciate my work. Right now, I just want to grow the community and even have ads disabled altogether, so all I want atm are comments like yours :)
One Minute Economics Feel free to enable the ads man, you deserve to receive as much ad revenue as possible from your work!
The thing is, this channel is still in its infancy, so my #1 goal is spreading the word and getting more subscribers. As time passes and the community grows, I'll think of ways to make money. Probably not ads though, as it would be annoying for viewers for one-minute clips to contain ads. My book is almost finished, so people will be able to support the channel by buying it. It will have about 450 pages and cost less than 5 bucks. The most effective thing those who want to help me out can do is visit OneMinuteEconomics.com, subscribe to my newsletter so that I can inform them once the book launches and buy it on the first week of the launch. A strong launch will enable me to generate some momentum, so buying the book right from the beginning would help a LOT :)
fiiiii
Hey man I love your avatar, Bruce Lee just avenged his sister's death, killing O'hara, in front of Han on Han's island. This was at a annual or bi-annual tournament on the island. When I saw your avatar, my soul kissed the sky
Nice job man, I really appreciate your work.
Thanks a lot for dropping by, comments like yours always make my day :)
Shareholders mes up supply and demand math. One doesn't take the profits from strawberries and invest in apples, AKA hedge funds. The paying customers didn't overpay for strawberries to want apples
I have a MBA but this makes it easier to explain.
Music to my ears, always happy to hear (well, read) that :)
Always Victory, Mairo ! Thank.
:)
I appreciate this!
Learning english more supply and demanda. Thank
Very happy to hear that, thank you and congratulations! :)
By which software do you make the animation?
Very well explained in one minute
Very nice explained...
Appreciate the kind words, thanks :)
omg, you are great!
Thank you Impaq, very cool
You're more than welcome :)
Quem veio pelo Mário Vergara? KKKK
Eu.
Alguém vindo através do Mairo em 2021?
@@thaisaborges7078 kkklkkk
@@thaisaborges7078 euu hahaha
Mairo vergara
Está conseguindo aprender ?
caio Silva eu consigo entender uns 95% do audio fazendo um esforço
@@user-xl5sb9he5c Também
caio Silva eu acho que hoje mesmo eu consigo aprender tudo
caio Silva cara eu ja sei uns 97% do video sem fazer esforço
Like Mário vergara
Hey, important stuff to know about getting your money back!
Thank you.
You're welcome Andre, thanks a lot for the support :)
The future of Binance: an exclusive interview with the CEO
permission to use this video for school purposes only thankusomuch
Thank you for teaching us it really helped us 😊
Comments like yours make it all worth it, thank you :)
Supply and Demand Explained in One Minute (Transcrição)
1 - Let’s assume you live in a small town where nobody sells bananas. In other words - zero supply. Now let’s also assume that the people who live there would love to eat bananas. In other words, there is a decent demand for bananas. As we can see, there is currently an imbalance.
2 - People want bananas but there are no sellers. Peter understands this and starts selling bananas. At the beginning, his profits will be huge because lots of people want bananas and he’s the only one who has them.
3 - As time passes, however, Sarah will notice how well Peter is doing and start selling bananas herself. This increases the supply of bananas and diminishes Peter’s profit potential. The more people start selling bananas, the more supply there will be.
4 - If too many people end up selling bananas but the demand doesn’t increase as well, there will be too much supply and some of them will go out of business. Eventually, some kind of a balance tends to be reached.
Great visual.
Thanks a lot Timika!
and that balance is equilibrium
Let’s assume you live in a small town where nobody sells bananas. In other words - zero supply. Now let’s also assume that the people who live there would love to eat bananas. In other words, there is a decent demand for bananas. As we can see, there is currently an imbalance.
2 - People want bananas but there are no sellers. Peter understands this and starts selling bananas. At the beginning, his profits will be huge because lots of people want bananas and he’s the only one who has them.
3 - As time passes, however, Sarah will notice how well Peter is doing and start selling bananas herself. This increases the supply of bananas and diminishes Peter’s profit potential. The more people start selling bananas, the more supply there will be.
4 - If too many people end up selling bananas but the demand doesn’t increase as well, there will be too much supply and some of them will go out of business. Eventually, some kind of a balance tends to be reached.
tq
Não tenho como salvar somente em áudio para criar a playlist, certo?
so if i understand correctly, there will be an unbalance ( too many people that eat bananas )
In aviation is there such a thing as traveling to much that causes an unbalance in demand and supply?
😊😊👍👍👍👌👌👌nicely done
You should have used a frozen yogurt shop as the example.
:)
Hi there.
The supply and demand does not really work in the real world all the time though does it?
Eg: Two conditions are necessary for this to be true: (a) that all people have to have the same tastes; (b) that each person’s tastes remain the same as his income changes, so that every additional dollar of income was spent exactly the same way as all previous dollars - for example, 20 cents per dollar on pizza, 10 cents per dollar on bananas, 40 cents per dollar on housing, etc.
There is transitivity between not just bananas but all other products and prices which alters the supply/demand outcome.
The critique is called the Sonnenschein-Mantel-Debreu [SMD] conditions.
I definitely agree that one cannot use supply and demand to predict human behavior in a 100% accurate and consistent manner but still, it's fascinating just how many things can be explained through simple supply and demand economics.
Thanks a lot for dropping by and for the insightful comment, welcome to the community :)
Demand only matters if people have the ability to get the product. Supply and demand is nothing without people's ability to spend money.
Are you saying I don't count on the life-sized solid gold statue demand front? :(
What does this mean?.... Demand and suply are directly proportional or inversely proportional??
Doesn't have to be one or the other, economics is notoriously complex in some cases :) For example, both supply and demand can go up at the same time. The same way, they can go down in tandem. On the other hand, perhaps supply takes a hit but demand stays the same. Or demand takes a hit and things remain the same on the supply side. Or one goes up and the other down... you get the point. It's unfortunately not as simple as something like "if demand goes up, supply has to go up" and variations thereof :(
@@OneMinuteEconomics i got it... Thank you ☺️
awsum
Thank you :)
Hi from brazil 🇧🇷🇧🇷
Eu estou estudando inglês
Welcome to the community Matheus :)
🤝
I’ve gotten better at understanding supply and demand but can someone explain this or is it a glitch in supply and demand?
How come fast food is less expensive than healthy food since there is more demand for fast food than healthy food? Shouldn’t healthy food be cheaper since less people want it (aka the demand is lower)?
Fast food customers want, as the name suggests... food, fast. Heh. In most cases, this means business owners can get away with cheap sub-par ingredients... add enough fats/sugar and folks won't notice. To serve health-conscious buyers though, you need quality ingredients and those are more expensive. So even if let's say demand for health food would go up (I for one hope so!) and businesses could cut prices by making up for it through volume, higher input costs will still be a "thing" that tends to make the price of healthy food higher. Cheaper? Yes. As cheap as fast food? Probably not.
It's has to be demand and supply right???
Bruh I just got a 15s ad before this video ☠️
This video is missing one crucial key in supply and demand that unites both the seller and the buyer: prices. People may want bananas, but how much do they want to buy? They will want to decide what it's worth and the cost to buy this many bananas, which also depends on how much sellers of bananas want to sell. Whatever quantities of bananas there are isn't what's important. It's about relationships based around that key crucial point. Which means not everyone wants bananas, and the guy with the shelf of bread won't necessarily go empty-handed if he places in a price both sides are happy with. The price also influences the production of those goods as well.
If too many people end up selling bananas but the demand doesn’t increase as well, there will be too much supply and some of them will go out of business. Eventually, some kind of a balance tends to be reached.
Quem é do site do Mairo da like.we gonna learn english
Welcome aboard :)
hi ya
GO PETER WHOOOOOO
:D
Handsome man
ok
💖
Pareto Principle in one minute.
Heyy guysss :D
Hey! And welcome to the community :)
0:18 thnx Pete
Let’s assume you live in a small town where nobody sells bananas. In other words - zero supply. Now let’s also assume that the people who live there would love to eat bananas. In other words, there is a decent demand for bananas. As we can see, there is currently an imbalance.
goody
This is for a price for stuff.
Show movie!
Muiiito bom
Só salve
i dont like bannas
:))
One detail this video forgot lol
anyone from vava?
Lol I go nuts for bananas (not really)
some kind of balance.... let's see.... a monopoly the eventual outcome almost always
monopolies are only possible through government regulations (force). One sole supplier in a world of 7 Billion people... :P
wow
:(
it said 1 minute is was 53 seconds
I'm here cause I'm getting my.g.e.d and watching this is homework like if ur gettin ur education
Glad to have you here :)
bananaaaaa
+eraclis7 :))
Isn't that scarcity
Something would be considered scarce if the supply is insufficient compared to demand
i dont undarstand
Hi Tara, please let me know what I can be of help with and I'd happily explain whatever it is you don't understand in greater detail :)
This one makes a contradiction for first foundational assumption of economics which says "demand is infinite." But if it were infinite, nothing could satisfy it and everyprice for everything would be infinite too
im her doter
Bananas!
MAiro vergaraaa
:)
Mairo vergara .
:)
Plople wlont bananas
:)
pp
i don't like the concept of law of supply and demand.
Hey great *53 second video, not 1 minute :)
One Minute Economics needs your help! Please give me a minute (heh) of your time by watching the following video if you find the channel useful, literally anyone can help (either financially or by spreading the word about my work): ua-cam.com/video/io04ckq1X1M/v-deo.html
I have to send this to people who are saying that going vegan does not change anything about animal suffering 🫠
Mairo vergara
Welcome aboard :)
@@OneMinuteEconomics thanks