Types of Profit- Old Version

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  • Опубліковано 17 гру 2024

КОМЕНТАРІ • 252

  • @francoisrautenbach270
    @francoisrautenbach270 5 років тому +275

    See those 37 dislikes? They're accountants.

  • @plankman6197
    @plankman6197 5 років тому +147

    Jacob Clifford predicted “Taco Tuesday “

  • @andreiv1048
    @andreiv1048 9 років тому +215

    You are the best teacher I have ever seen. Thanks a lot!

    • @JacobAClifford
      @JacobAClifford  9 років тому +23

      +Andrei Vex Thanks Andrei

    • @jimcook1040
      @jimcook1040 3 роки тому

      Most of us get to see some life changing opportunities but fear Creep into our minds with words like is it legit is it real is this another type of scam, it okay to have these thoughts,you should know without risk there no reward true there a lot of fake platforms and fake people that has take advantage of this good opportunities to fool people that’s doesn’t mean they aren’t legit platform out there I used to have this fear but I have to give it a try when I came across Mrs Lauren I was marvel and amazed with her honesty and transparent trading process I was a novice in forex and binary options trade but with Lauren I felt like a pro i earned $48,000 weekly if you are interested in going into binary options trade ,forex and you are looking for a legit and transparent expert to put you through I highly recommend mrs Lauren Kudina click on this below to contact her now wa.link/zgkt74

  • @Jassy19981
    @Jassy19981 9 років тому +158

    wow I don't even have to go to class anymore thanks

    • @jimcook1040
      @jimcook1040 3 роки тому

      Most of us get to see some life changing opportunities but fear Creep into our minds with words like is it legit is it real is this another type of scam, it okay to have these thoughts,you should know without risk there no reward true there a lot of fake platforms and fake people that has take advantage of this good opportunities to fool people that’s doesn’t mean they aren’t legit platform out there I used to have this fear but I have to give it a try when I came across Mrs Lauren I was marvel and amazed with her honesty and transparent trading process I was a novice in forex and binary options trade but with Lauren I felt like a pro i earned $48,000 weekly if you are interested in going into binary options trade ,forex and you are looking for a legit and transparent expert to put you through I highly recommend mrs Lauren Kudina click on this below to contact her now wa.link/zgkt74

  • @user-dw5gr6js3d
    @user-dw5gr6js3d 6 років тому +8

    Preparing for my exam in two days and you're the only one that can make me smile in these hard times loll

  • @SirMalabu
    @SirMalabu 9 років тому +8

    Hey wassup Mr Clifford, my microecons exam is just a day away and its a miracle i found your youtube channel because in a few hours i managed to cover and understand everything from my module! A big thank you to you , really appreciate it!

  • @Illusivejackalvidoes
    @Illusivejackalvidoes 6 років тому +38

    You just made more sense than 10 of my micro classes did

    • @jimcook1040
      @jimcook1040 3 роки тому +1

      Most of us get to see some life changing opportunities but fear Creep into our minds with words like is it legit is it real is this another type of scam, it okay to have these thoughts,you should know without risk there no reward true there a lot of fake platforms and fake people that has take advantage of this good opportunities to fool people that’s doesn’t mean they aren’t legit platform out there I used to have this fear but I have to give it a try when I came across Mrs Lauren I was marvel and amazed with her honesty and transparent trading process I was a novice in forex and binary options trade but with Lauren I felt like a pro i earned $48,000 weekly if you are interested in going into binary options trade ,forex and you are looking for a legit and transparent expert to put you through I highly recommend mrs Lauren Kudina click on this below to contact her now wa.link/zgkt74

    • @Illusivejackalvidoes
      @Illusivejackalvidoes 3 роки тому

      @@jimcook1040 did you just like your own post?

    • @joyafortunechreia.752
      @joyafortunechreia.752 3 роки тому

      @@Illusivejackalvidoes I suppose he did

  • @jacobwilson8151
    @jacobwilson8151 8 років тому +20

    I am definitely not going to say anything bad about my current professor, because he is awesome, but you saved my life/grade. Thank you so much!

    • @jimcook1040
      @jimcook1040 3 роки тому

      Most of us get to see some life changing opportunities but fear Creep into our minds with words like is it legit is it real is this another type of scam, it okay to have these thoughts,you should know without risk there no reward true there a lot of fake platforms and fake people that has take advantage of this good opportunities to fool people that’s doesn’t mean they aren’t legit platform out there I used to have this fear but I have to give it a try when I came across Mrs Lauren I was marvel and amazed with her honesty and transparent trading process I was a novice in forex and binary options trade but with Lauren I felt like a pro i earned $48,000 weekly if you are interested in going into binary options trade ,forex and you are looking for a legit and transparent expert to put you through I highly recommend mrs Lauren Kudina click on this below to contact her now wa.link/zgkt74

  • @MerissaMitchell
    @MerissaMitchell 8 років тому +10

    I've been watching your videos for an entire night and they're mind- blowing, everything makes sense to me now! Thank you so much! :) x

  • @MrOutlawXXAKADaOutlaw
    @MrOutlawXXAKADaOutlaw 8 років тому +136

    Is it awkward that im majoring in both economics and accounting lol...

    • @RTRT-ZAM
      @RTRT-ZAM 8 років тому +23

      +DaOutlaw its means your a genius. LOL. All the best!

    • @jsvkia1
      @jsvkia1 7 років тому +12

      Seriously, he or she is a genius, as an accounting major, economics has me stumped.

  • @Aprilz100
    @Aprilz100 7 років тому +1

    Thank you! Thank you! Thank you! I have online classes and my professor is terrific but his accent is extremely difficult for me to understand most of the time, I'm maintaining an A in his class because of your terrific talent of teaching on youtube. I would have never imagined learning so much on UA-cam, you found your talent, I am grateful for you!

  • @miransirdar
    @miransirdar 5 років тому +3

    An hour class in just nearly 4 minutes really that's helpful thanks alot

    • @jimcook1040
      @jimcook1040 3 роки тому

      Most of us get to see some life changing opportunities but fear Creep into our minds with words like is it legit is it real is this another type of scam, it okay to have these thoughts,you should know without risk there no reward true there a lot of fake platforms and fake people that has take advantage of this good opportunities to fool people that’s doesn’t mean they aren’t legit platform out there I used to have this fear but I have to give it a try when I came across Mrs Lauren I was marvel and amazed with her honesty and transparent trading process I was a novice in forex and binary options trade but with Lauren I felt like a pro i earned $48,000 weekly if you are interested in going into binary options trade ,forex and you are looking for a legit and transparent expert to put you through I highly recommend mrs Lauren Kudina click on this below to contact her now wa.link/zgkt74

  • @jamezbuddz
    @jamezbuddz 8 років тому

    All the way from Trinidad and Tobago you have made me enjoy Micro 5 days before my exam! currently doing a bachelors in business admin, thanks for this great package you offer everyone!

  • @leajohnson6817
    @leajohnson6817 10 років тому +4

    Love your examples. I am a visual learner and to have these things put into perspective like that is great :D Thanks Again!

    • @jimcook1040
      @jimcook1040 3 роки тому

      Most of us get to see some life changing opportunities but fear Creep into our minds with words like is it legit is it real is this another type of scam, it okay to have these thoughts,you should know without risk there no reward true there a lot of fake platforms and fake people that has take advantage of this good opportunities to fool people that’s doesn’t mean they aren’t legit platform out there I used to have this fear but I have to give it a try when I came across Mrs Lauren I was marvel and amazed with her honesty and transparent trading process I was a novice in forex and binary options trade but with Lauren I felt like a pro i earned $48,000 weekly if you are interested in going into binary options trade ,forex and you are looking for a legit and transparent expert to put you through I highly recommend mrs Lauren Kudina click on this below to contact her now wa.link/zgkt74

  • @AJ7CANADA
    @AJ7CANADA 9 років тому +16

    I have my finals in 3 hours and i was so stressing out ... this video explained everything i wanna know and still made me laugh. you are the best

  • @koug7430
    @koug7430 5 років тому +1

    Your videos make me feel I can throw my economic textbook into the trash can :) You are the best teacher ever!

  • @jannashebli3611
    @jannashebli3611 6 років тому +1

    Thank You! I wish there were more teachers that taught economics like you do.

  • @haanhvu5266
    @haanhvu5266 3 роки тому +2

    I don’t know whether you will read this comment or not, but I just want to thank you for making my economics learning less vulnerable :)) Thank you for these useful videos 🙌🙌

  • @seaweedlvr
    @seaweedlvr 2 роки тому +1

    youre saving me fr my economics teacher is kinda bad... ps im an accounting major but i'll take it since you're helping me so much LOLL

  • @brandonwoods3592
    @brandonwoods3592 8 років тому +1

    Excellent teacher with a great vibe that makes watching your vids exciting! This was extremely helpful :) thanks a lot!!

  • @andrescorrea6129
    @andrescorrea6129 5 років тому +18

    Wow this guy predicted TACO TUESDAYYYYYYYYY

  • @ankitkaushik6469
    @ankitkaushik6469 7 років тому

    You are a life saver i have my IB econ test and you have saved my life

  • @julienpounders4899
    @julienpounders4899 8 років тому

    it took me all semester and this video to understand this concept of "0 economic profit". Unbelievably simple concept too.. Thanks!

  • @maritzagaviria3368
    @maritzagaviria3368 6 років тому +1

    You are an amazing, funny, and excellent teacher! I love all your videos, are so helpful for everyone that can learn from you. You do a Great Job!!!!

  • @PavanBhoge_003
    @PavanBhoge_003 9 років тому +1

    Hey, your videos are great fun man!!! Because of exams I had to learn these Micro Eco Concepts as fast as I could. And thanks to you that I am gonna score well in my exams. I hope you keep it up!!!!

  • @gvott1
    @gvott1 6 років тому +1

    I love you Mr. Clifford, you are the best teacher ever!

  • @classyyygirll7853
    @classyyygirll7853 7 років тому +1

    Best bestt best teacher in my entire life😍😍😍😍

  • @wandrag1430
    @wandrag1430 6 років тому

    You basically insulted my profession as an accountant but the attitude and arguments behind it definitely softens the blow. Nice lecture!

  • @lherath8658
    @lherath8658 7 років тому

    Why do you make soo much sense...?? I mean I understood everything in just one go! Thank you so much:)

  • @yeuxdefer
    @yeuxdefer 5 років тому

    god bless this guy for summing up in 3 minutes what took 3 lectures for my microecon prof to teach

  • @julianburke7726
    @julianburke7726 4 роки тому

    Great videos, learned more from you than any of my other professors this term

  • @nitinkaura1323
    @nitinkaura1323 5 років тому +10

    Taco Tuesday, he called it 5 years ago. GENIUS!

    • @Ptiou99
      @Ptiou99 5 років тому +1

      I know right 🔥🔥🔥🔥🔥 Mindblowing to see this is 5years old 👀 Lebron should definitely invest in tacos 🌮🌮=💰💰

  • @eddienajm9481
    @eddienajm9481 3 роки тому

    really excellent video. 2 textbooks couldn't give me an easy-to-understand example like this.

  • @sethabal4580
    @sethabal4580 5 років тому

    Great Video, the real-life examples are simple and help in grasping the whole idea of economic profit. Love this channel!!!

  • @kaylabarbarick2016
    @kaylabarbarick2016 5 років тому +1

    Ha! LaBron must be enjoying Mr. Clifford's videos and decided to open up his own pizza shop lol. Keep up the awesome work Mr. Clifford the review packet is a lifesaver!

    • @nagaapi
      @nagaapi 5 років тому

      hahaha, LOL

  • @louisehonner3018
    @louisehonner3018 8 років тому +3

    THANK YOU! Doing an MBA, never done economics, haven't done any maths in years and you are saving my bacon! You should write a text book.

    • @JacobAClifford
      @JacobAClifford  8 років тому

      +Louise Honner I'm glad I've been able to help Louise. Please subscribe and tell your fellow students:)

    • @louisehonner3018
      @louisehonner3018 8 років тому

      +ACDCLeadership Done and done!

    • @JacobAClifford
      @JacobAClifford  8 років тому

      Thanks

    • @pankajsheoran9429
      @pankajsheoran9429 6 років тому +1

      A little late, but he's right, you should write a book!

  • @corneliaandersson7217
    @corneliaandersson7217 4 роки тому

    You are one of the most important people in my life these coming months 🙏🏻

  • @Yahya_509
    @Yahya_509 5 років тому +1

    Great Clarification! Thank you for your informative video!

  • @dddphoenixd5683
    @dddphoenixd5683 5 років тому

    your explanation is even better than a UC Berkeley Prof. Thank you Jacob
    I'm a UC Berkeley Econ Junior and I find your video so helpful OMG

  • @pasmec4309
    @pasmec4309 4 роки тому

    it is unbelievable how good this guy is.

  • @crosytsui
    @crosytsui 7 років тому +2

    Great video. I never gone to any of my econ class and still got 98% just by watching your videos. Thank you so much!!!

  • @nisitahafia5399
    @nisitahafia5399 6 років тому

    Thanks a lot! I wasn't expecting to remember your explanation at first, but turns out i could answer the test based on what i learnt in here. Really really helpful! Hoping to see more like this in my country tho :D

  • @marinevivek
    @marinevivek 4 роки тому

    Thankyou Sir, The way you are teaching Economics is service to the Financial world

  • @ArefinDipto
    @ArefinDipto 6 років тому +5

    0:41 i am laughing so much right now. i dont know why. That was too funny!!!!

  • @arwaabougharib8698
    @arwaabougharib8698 9 років тому +1

    Can you please make a video on the distinction between economic profit/rent/surplus ?
    Thank you !

  • @mattspyro
    @mattspyro 10 років тому +2

    I like how you gave a good example showing how economic profit was better! Love the vids!

    • @everygalmansosick7358
      @everygalmansosick7358 6 років тому

      Matt no accounting wud simply calculate profits from both n compare.

  • @HyperbolRecords
    @HyperbolRecords 7 років тому

    you're better than every real life teacher i've had.

  • @robintsang
    @robintsang 5 років тому

    BEEEEEEEEEEEEEST economic tutor I've seen

  • @anushkachowdhury7511
    @anushkachowdhury7511 7 років тому

    Your videos have helped me so much.Thank you,Mr Clifford

  • @dona335
    @dona335 9 років тому +4

    I have economics and u by far the best and the most awesomest teacher ever!!!!! i frikin love you

  • @karlagomez2261
    @karlagomez2261 8 років тому

    Your students are extremely lucky!!!! Your videos make me wish I was in your class.

  • @zakbdz
    @zakbdz 5 років тому

    Straight and to the point. Love this guy!!

  • @jessicalin6740
    @jessicalin6740 6 років тому

    really helpful! even better than the professor from school!

  • @gassiusdave
    @gassiusdave 9 років тому +18

    But economists and accountants are looking at profits from 2 different perspectives.
    Accountants are busy focusing on an owners capital gains/losses for one of their potential many businesses while an economist is looking at the owners gains/losses from a holistic perspective.
    But maybe this is hatred grows stronger as both majors go deeper into their specialties?

  • @vusalamirzayeva3443
    @vusalamirzayeva3443 8 років тому +1

    I have learnt a lot of things from you. Thank you for everything

  • @ziyeew1637
    @ziyeew1637 5 років тому

    Tmr the midterm... Thanks sir, you helped me to survive my ap...

  • @buyersguide-ECOM
    @buyersguide-ECOM 4 роки тому

    U r a life saver. Thanks honestly. Have huge respect for you !

  • @deeqaxuseen7234
    @deeqaxuseen7234 8 років тому

    u are best teacher and i like the explanation style thnks alot

  • @elifkuscu5625
    @elifkuscu5625 7 років тому

    It made sense now!! Thank you Mr. Clifford.

  • @tubeprincessamirahtv7993
    @tubeprincessamirahtv7993 6 років тому

    This was a great one. Much love.

  • @ghaziali3504
    @ghaziali3504 5 років тому

    Most underrated teacher smh.

  • @najlanuts
    @najlanuts 8 років тому +1

    i understand your videos much better than all my postgraduate economics lectures. thank you so much for your videos!

  • @Mak8kaela
    @Mak8kaela 8 років тому

    TY FOR SAVING MY GRADE AND MY LIFE (HOPEFULLY). TIME WILL TELL WHEN THE EXAM RESULTS COME OUT!

  • @nagaapi
    @nagaapi 5 років тому +1

    i love that lebron example...

  • @SomeRandomGuy789
    @SomeRandomGuy789 7 років тому

    I learned more in this video than my entire semester in econ.

  • @chldndyd21
    @chldndyd21 10 років тому

    Very clear explanation thank you so much!

  • @nicolahamman9784
    @nicolahamman9784 5 років тому

    You are an amazing teacher ! Thanks..

  • @qnarik12
    @qnarik12 6 років тому

    THANK YOU SO MUCH I FINALLY UNDERSTOOD

  • @LhnAran
    @LhnAran 9 років тому +3

    you teaching style is awesome

  • @unknown-sj1zc
    @unknown-sj1zc 5 років тому +1

    As someone who takes econ and accounting in the same quarter, I realize why I struggle so much

  • @jeffamato3185
    @jeffamato3185 2 роки тому

    You the man Professor Clifford

  • @tunchiwrld2787
    @tunchiwrld2787 5 років тому

    You are amazing cliff👏👏

  • @joshuasalka8665
    @joshuasalka8665 6 років тому

    I'm not gonna lie, I still don't understand why someone wouldn't use both economic and accounting. But the vid definitely helped, thanks mate

  • @Mrootaiwo
    @Mrootaiwo 6 років тому

    Thank you this made a whole lot of sense

  • @noahfrench7267
    @noahfrench7267 5 років тому

    wow, what a life savior. My midterm is in the next 5 weeks, my average is good with 80 average but my microeconomics class isnt. I need at least 55 percent to pass. Aiming for that 55

  • @henrycb98
    @henrycb98 5 років тому

    That made so much sense... Thank you

  • @waleedsaeed540
    @waleedsaeed540 7 років тому

    Does zero economic profit equal the industry profit or the interest on government bonds? or other thing ?

  • @RTRT-ZAM
    @RTRT-ZAM 8 років тому +1

    LOL! TAKE THAT ACCOUNTANTS! I LOVE IT! Thanks for video. I really needed this explanation. Writing a test tomorrow

  • @pranjaykumar5092
    @pranjaykumar5092 4 роки тому

    Isn't this basically the barrons example, just more relatable? I don't judge, you do a good job of explaining it.

  • @boweirjoe3137
    @boweirjoe3137 7 років тому

    could you tell me which uni are you working for or you ever worked for?

  • @jasminez3959
    @jasminez3959 4 роки тому

    I am not struggling to drop the econimics class because of you.

  • @heyptech1726
    @heyptech1726 7 років тому

    Damn Hype ACDC/Tacos/NBA lifeeeeee

  • @feliciafelly6314
    @feliciafelly6314 7 років тому

    What video editor that his used?

  • @brendan9822
    @brendan9822 8 років тому

    helped with my aplia assignment...thanks sooo much

  • @cw4933
    @cw4933 4 роки тому

    This man is something else, not to mention nuts

  • @thatamerican550
    @thatamerican550 7 років тому +2

    Are you god? You're seriously carrying my entire microeconomics class right now

  • @gunelmamedova9194
    @gunelmamedova9194 9 років тому

    Thank you so much for your videos! :)

  • @saumyasingh4817
    @saumyasingh4817 5 років тому

    Amaziinggg!! You made my life simple. :)

  • @shals10000
    @shals10000 8 років тому +8

    You are a star! Thank you !!!!

  • @Регистровыйанализнавязчивыхмыс

    We can accuse our destiny of doing something wrong, but... To my mind, we will get some profits, if we rely on our own abilities. But if we depend on abilities or skills of other people, we may get a lot of additional costs (or they may betray you).

  • @swarnendu
    @swarnendu 4 роки тому

    Sir, please answer my question. My book says that Abnormal Profit is more than Normal Profit, and although Normal Profit is always positive, ABNORMAL PROFIT CAN BE NEGATIVE. How ???

  • @ovarly
    @ovarly 5 років тому

    wow this guy is a legend
    thank you man :(

  • @Coolabdelify
    @Coolabdelify 9 років тому +1

    Even tho I'm an accountant I still like the way you explained that .. Well done

  • @raiyanrahman8731
    @raiyanrahman8731 7 років тому

    got a question -
    suppose, I have started a business & I made profit, but before I had no Job.
    so my explicit cost is 0...right? so at this point, economic profit = accounting profit

    • @raiyanrahman8731
      @raiyanrahman8731 7 років тому

      is that okay brother? ?

    • @MLGRuthless
      @MLGRuthless 7 років тому

      But did you have the option of working somewhere else?

    • @raiyanrahman8731
      @raiyanrahman8731 7 років тому

      Team Ruthless
      No before that I was under aged to start a business.

  • @thechindianraj
    @thechindianraj 7 років тому

    hahahah prophet!!!!!! good one. i needed one since my brain is about to explode.

  • @DavidPerez-ef8yp
    @DavidPerez-ef8yp 5 років тому

    he said: if economic profit is 0, accounting profit must be positive
    but what if in your 2 options you either loose money or loose a lot more money.
    One economic profit will be greater than the other, but in both scenarious accounting profit is negative
    come to think of it, is there aslo "opportunity revenue" they money you are gaining by not spending it in a different option?
    Either way help please.....

  • @mehrnazbarangbou7341
    @mehrnazbarangbou7341 5 років тому

    it was great thank you so much , really helped me!

  • @onemoretime3453
    @onemoretime3453 7 років тому +1

    he is so great ! love the way he teaching . it really helps . thank you

  • @abdulrahmannazeer4001
    @abdulrahmannazeer4001 7 років тому

    is there a difference between an accountants break even point and an economist's breakeven point

  • @celinadoherty3771
    @celinadoherty3771 6 років тому

    you are the only reason I am not failing micro wow