I'm a CPA grandfather homeschooling my middle school granddaughter. Thank you for taking a complex topic and helping me put it in language a 6th grader can understand. Please expand your library to include other world history topics.
1. Satisfaction of people’s needs and wants in the most efficient way can be with economics 2. Wants could be used to make existential decisions, but some of them should be cut off 3. Resources are the best to improve economy 4. Scarcity is the best tool for quality improvement 5. Expertise in economy is the most valuable in a global scale
Karl Marx once wrote: "Accumulation of wealth at one pole is at the same time accumulation of misery, agony of toil, slavery, ignorance, brutality, mental degradation, at the opposite pole"
Thank you sir. Your tutorials have really helped me for the past 3 years . I am now a degree holder in accounting. I have also started an economics UA-cam channel called "Sam's economics tutorials"
Marx mentioned depreciation 35 times in Das Kapital. He wrote about the depreciation of Machinery, Money and Morality. He did not distinguish between Capital Goods and Consumer Goods. Of course before 1884 consumers did not buy automobiles and air conditioners and televisions. But today our brilliant economists do not talk about the depreciation of durable consumer goods or planned obsolescence. The term e-waste did not exist when I went to college for Electrical Engineering. Economists hardly mention the Net Domestic Product equation. These nitwits subtract the depreciation of durable capital goods like industrial robots and 18-wheel trucks but ignore air conditioners and washing machines. We have been running the planet on defective algebra since WWII. The concept of GNP/GDP was developed shortly before the war. The Great Acceleration that followed the war caused GDP to skyrocket but the consumer depreciation due to all of the junk manufactured has never been subtracted. So we have global warming and a wrecked planet. Marx is just a bit obsolete.
I'm a CPA grandfather homeschooling my middle school granddaughter. Thank you for taking a complex topic and helping me put it in language a 6th grader can understand. Please expand your library to include other world history topics.
When you pay 70k for school and a youtube video teaches you better than your teachers💀💀
For real
No cap
Bro I pay more than 1 lakh for school 😅😅😅😅
Good example
Ikr fr
Thank you!! i am homeschooled in 8th civics and this helped me understand economics!!
I’m so glad the video was helpful to you! 😀
1. Satisfaction of people’s needs and wants in the most efficient way can be with economics
2. Wants could be used to make existential decisions, but some of them should be cut off
3. Resources are the best to improve economy
4. Scarcity is the best tool for quality improvement
5. Expertise in economy is the most valuable in a global scale
Thank you I got 100% in my exam🎉 because of you videos
Congratulations!! That's an incredible accomplishment!
Great video. Simplicity at it's finest.
Thank you, Doug!
Incredible lecture as a management professional in my opinion in nutshell nd explained in a simple language.👍
Karl Marx once wrote:
"Accumulation of wealth at one pole is at the same time accumulation of misery, agony of toil, slavery, ignorance, brutality, mental degradation, at the opposite pole"
Karl Marx is directly responsible for Hitler and Stalin, among others. Maybe not the best example to use
Thank you sir. Your tutorials have really helped me for the past 3 years . I am now a degree holder in accounting. I have also started an economics UA-cam channel called "Sam's economics tutorials"
Great videos for homeschooling. Keep them coming thank you
In the age of inflation, high gas prices & supply chain disruption I sure hope people are paying attention!
Thank you so much for this wonderful explanation.....♥️
Simplified everything for me. Thank you.
Marx mentioned depreciation 35 times in Das Kapital. He wrote about the depreciation of Machinery, Money and Morality. He did not distinguish between Capital Goods and Consumer Goods. Of course before 1884 consumers did not buy automobiles and air conditioners and televisions. But today our brilliant economists do not talk about the depreciation of durable consumer goods or planned obsolescence. The term e-waste did not exist when I went to college for Electrical Engineering.
Economists hardly mention the Net Domestic Product equation. These nitwits subtract the depreciation of durable capital goods like industrial robots and 18-wheel trucks but ignore air conditioners and washing machines.
We have been running the planet on defective algebra since WWII. The concept of GNP/GDP was developed shortly before the war. The Great Acceleration that followed the war caused GDP to skyrocket but the consumer depreciation due to all of the junk manufactured has never been subtracted. So we have global warming and a wrecked planet. Marx is just a bit obsolete.
Beautifully explained
Thank you so much! :)
Very beautifully explained !!!❤
A very nice and interesting video for children❤🎉😊
Interesting and very useful video. Thanks
First 10 seconds of video explained I'm poor
Agreed
Fr
💀
Same
😅😂
Great insights, always fascinating to explore other's thoughts! You inspired me to begin educating people on UA-cam, Thank you!
Great video!! Teaching basic economics to my first grader and this is perfect!! ( Also the video is captivating for my 3 year old too haha)
Thank you for your awesome video. My 7th graders - 3rd period class think it's so sigma.
# best teacher amazing vid
This is so skibidi sigmaaa. THe person who created this is a gigachad and im gunna phanom tax them of their chanel. FAnOM TaXx
People are saying that they are teaching their middle graders this and me getting this video to see in class 3
What's the profit of buying goids
Know understand thx for ur help sir/miss🎉🎉🎉❤❤❤ god bless you 🎉🎉🎉😊😊😊
Perfect explanation
Very Helpful Video!! Thanks!
perfectly explained 🫶🏻
😊😊explanation is very Nice
Lylye rath was right when he said he doesn't believe in economics.
Interesting
Very informative
Thank you 🙏🙏🙏
Well explained ty
as a bald person i can confirm this is true
fr
Economic video
Simple comment
@@Srindal4657Simple reply
@@Seanlovesfootball indeed
Mam please aur video economics ke
thanks so much
Am only watching this cus i need to study for my social studies exam 😂
Fr same
Thanks
had to watch this in school
Want is actually a desire to have something but you dont necessarily need it but great video
Who can explain further?
I want to have a garden to produce tomatoes 🍅
good
LOVE IT but where is your mouth?
Jackson David Miller Betty Lopez Joseph
Darrin Trail
Who did make me watch this
😁💯
This comment box is filled with gen alphas right??😂
Kohlay pitho 😂
this video is not sigma
😂
My dad isn’t sigma bc he made me watch this
😅
You are also not sigma
@@sananaeem7089 ain’t nobody like u be quiet
One child policy
😂😂😂😢😅🤣🤣🤣
THIS I SO OHIO FANOM TAX SKIBIDI TOILET GIGACHAD OHIO KAI CENAT
Suii
American, American, American.
So hard
Did she say i have unlimited omount of money???
i did not enjoy this
vid
Boooringg
Then don’t watch
Boring vid ngl 😢
Then don’t watch
@@CHEESE4eva teacher told to do it
lol..
@@f1ssure833
Boring
bro anyone else here watching cus their mom TOLD them to???💀💀💀😔😔😔🫣🫣🫣🤓🤓🤓🤫🤫
fr
For me it’s my dad
@Randomvideosimake420
Who can explain further?