Y2 32) Technological Change - Invention, Innovation, Efficiency, Barriers to Entry

[@georgesymes3617]

You are the father of economics,

[@Wasteman365]

He's also your father

[@yessssirrrrr2294]

Preach it 🙌🏼

[@steev7340]

🤣🤣🤣😃

[@soumyajeetmitra6958]

Great video with best all-round explanation on this topic which is rare to find

[@nehamalik312]

I was not getting this topic from anywhere, I made notes out of whatever you said. Nice notes indeed

[@EconplusDal]

Awesome

[@nehamalik312]

EconplusDal Thankyou😊

[@mcfowler1675]

Last minute gang

[@chinarbajaj8499]

hello sir, I would request you to please make a detailed video on types of efficiencies and how to write essay questions on efficiency. thank you :)

[@BilalAli-jz4pm]

Thank you uncle🙌🏾

[@alevelzah117]

Yes these videoes are so so amazing! However if you could code them to the AQA spec Plzzz!!! Sir

[@ggx8427]

Is this in your 3rd edition micro analysis and evaluation book. I. can't seem to find it?

[@mahamedomar139]

good job!!!!!!!

[@martinsafarian4404]

Do you have readings to recommend on this topic? It´s gold!

[@afras354]

at 7:25 what did you say, which aspect of barrier to entry?

[@afras354]

thirdhot004 safee

[@vibzp]

@@afras354 what was it

[@kabelan9660]

why does LRAC shift down, i though only external economies/diseconomies of scale causes these shifts but tech improvement is internal economies of scale

[@UTK37]

because improved tech change is benefitting a whole industry instead of just a single firm, therefore the output of the whole industry has increased, whereas technical economies is when a *single firm chooses* to introduce capital into production, therefore the single firm is benefitting from internal economies of scale at this point.

[@kabelan9660]

@@UTK37 this was 2 years ago …

[@UTK37]

@@kabelan9660 yhh but i thought other students might have the same doubt, so this could help them as well

[@jonathanc3570]

You are amazing

[@daniaelbala9511]

Do need this for Edexcel

[@mouferhecker6423]

I don't think so. my teacher didnt teach me this so im assuming its for other boards. although im not certain about it

[@nadaimran521]

happy valentines lov

[@joehunt8013]

thanks daddy

[@rumpus8095]

first

[@MC10W]

make S MSARKETS MORE CONTESTABLEW