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Search results “Allocation of resources in an economy”
What is RESOURCE ALLOCATION? What does RESOURCE ALLOCATION mean? RESOURCE ALLOCATION meaning
 
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What is RESOURCE ALLOCATION? What does RESOURCE ALLOCATION mean? RESOURCE ALLOCATION meaning - RESOURCE ALLOCATION definition - RESOURCE ALLOCATION explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. In economics, resource allocation is the assignment of available resources to various uses. In the context of an entire economy, resources can be allocated by various means, such as markets or central planning. In project management, resource allocation or resource management is the scheduling of activities and the resources required by those activities while taking into consideration both the resource availability and the project time. In economics, the area of public finance deals with three broad areas: macroeconomic stabilization, the distribution of income and wealth, and the allocation of resources. Much of the study of the allocation of resources is devoted to finding the conditions under which particular mechanisms of resource allocation lead to Pareto efficient outcomes, in which no party's situation can be improved without hurting that of another party. In strategic planning, resource allocation is a plan for using available resources, for example human resources, especially in the near term, to achieve goals for the future. It is the process of allocating scarce resources among the various projects or business units. There are a number of approaches to solving resource allocation problems e.g. resources can be allocated using a manual approach, an algorithmic approach (see below), or a combination of both. There may be contingency mechanisms such as a priority ranking of items excluded from the plan, showing which items to fund if more resources should become available and a priority ranking of some items included in the plan, showing which items should be sacrificed if total funding must be reduced. Resource allocation may be decided by using computer programs applied to a specific domain to automatically and dynamically distribute resources to applicants. This is especially common in electronic devices dedicated to routing and communication. For example, channel allocation in wireless communication may be decided by a base transceiver station using an appropriate algorithm. One class of resource whereby applicants bid for the best resource(s) according to their balance of "money", as in an online auction business model (see also auction theory). A study by Emmanuel Yarteboi Annan shows that this is highly important in the resource allocation sector. In one paper on CPU time slice allocation an auction algorithm is compared to proportional share scheduling..
Views: 12751 The Audiopedia
How Economies Decide How to allocate their Resources?
 
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The three economic questions by Ryan And Sadegh
Views: 12120 MEFonomics
Markets and the Allocation of Resource
 
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See more videos at: http://talkboard.com.au/ In this video, we look at markets and how markets help economies to allocate resources efficiently
Views: 5639 talkboard.com.au
Resource Allocation
 
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Learning Objectives: Understand how to manage resources Optimize allocation of resources Execute financial planning At Seekhley, we believe that students learn the best when they experience the concepts they study in books. Seekhley Experiential Learning Program (SELP) is designed to be a hands-on learning program which ignites a passion for ‘learning by doing’ in students. It is a non-disruptive solution that builds on top existing curriculum of schools. Our Website: www.seekhley.com
Allocative efficiency and marginal benefit | Microeconomics | Khan Academy
 
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Marginal Utility and maximization Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/choices-opp-cost-tutorial/production-possibilities/v/economic-growth-through-investment?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/choices-opp-cost-tutorial/production-possibilities/v/increasing-opportunity-cost?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Microeconomics channel: https://www.youtube.com/channel/UC_6zQ54DjQJdLodwsxAsdZg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 315125 Khan Academy
ALLOCATION OF RESOURCES IN ISLAMIC ECONOMICS
 
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GROUP DRAGONFRUIT video assignment FIE -ECON 1710 SECTION 6
Allocating scarce resources
 
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Lopez Period 1- allocating scarce resources and why price is the best method. Jennifer Gherasim October of 2014 Created using PowToon -- Free sign up at http://www.powtoon.com/ . Make your own animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
Views: 4021 XNerdyloveX
Labor Markets and Minimum Wage: Crash Course Economics #28
 
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How much should you get paid for your job? Well, that depends on a lot of factors. Your skill set, the demand for the skills you have, and what other people are getting paid around you all factor in. In a lot of ways, labor markets work on supply and demand, just like many of the markets we talk about in Crash Course Econ. But, again, there aren't a lot of pure, true markets in the world. There are all kinds of oddities and regulations that change the way labor markets work. One common (and kind of controversial one) is the minimum wage. The minimum wage has potential upsides and downsides, and we'll take a look at the various arguments for an against it. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 444239 CrashCourse
Command and market economies | Basic economics concepts | AP Macroeconomics | Khan Academy
 
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An introduction to the difference between command economies and market economies. View more lessons or practice this subject at http://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/basic-economics-concepts-macro/introduction-to-the-economic-way-of-thinking-macro/v/command-and-market-economies?utm_source=youtube&utm_medium=desc&utm_campaign=apmacroeconomics AP Macroeconomics on Khan Academy: Welcome to Economics! In this lesson we'll define Economic and introduce some of the fundamental tools and perspectives economists use to understand the world around us! Khan Academy is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. We offer quizzes, questions, instructional videos, and articles on a range of academic subjects, including math, biology, chemistry, physics, history, economics, finance, grammar, preschool learning, and more. We provide teachers with tools and data so they can help their students develop the skills, habits, and mindsets for success in school and beyond. Khan Academy has been translated into dozens of languages, and 15 million people around the globe learn on Khan Academy every month. As a 501(c)(3) nonprofit organization, we would love your help! Donate or volunteer today! Donate here: https://www.khanacademy.org/donate?utm_source=youtube&utm_medium=desc Volunteer here: https://www.khanacademy.org/contribute?utm_source=youtube&utm_medium=desc
Views: 33295 Khan Academy
What is scarcity?
 
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Scarcity explained-- Created using PowToon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
Views: 66583 Kivuvu Osias
Allocation of Resources: private and public mechanisms (ECO)
 
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Subject : Economic Paper :Theory of Public Finance
Views: 2331 Vidya-mitra
Problem of Allocation of resources - Economics
 
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What is problem of allocation of resources in ecomomics?
Views: 63 My Learnings
Resource Allocation 1
 
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Methods of resource allocation, market economy and command economy
Views: 4888 david hopcroft
Allocation of resources Meaning
 
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Video shows what allocation of resources means. the mechanics of investment; where one applies one's goods (for greatest possible future gain); how one disposes of one's resources (for greatest possible effect). Often used as a term in conjunction with economics.. Allocation of resources Meaning. How to pronounce, definition audio dictionary. How to say allocation of resources. Powered by MaryTTS, Wiktionary
Views: 2704 SDictionary
Central problem of resource allocation..!
 
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1.what is economy. 2.what are the central problems. 3.what to produce. 4.what is the problem of resource allocation . 5.what is the broad explanation of what to produce . 6.what is the central problem in hindi. 7.what is the example of central problem with figure. Hello everyone ! Ive explained the central problem of economy what to produce ...I'll post the next part tomorrow ..so stay tuned to have good notes of 12th class.. if you like this video than Please subscribe and press the bell button ; share and hit the like button ...if you have queries then comment below...bye t.c..♥
Scarcity, the Basic Economic Problem
 
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What would you do if you showed up to class and there weren't nearly enough chairs to go around? Well, you're facing and economic problem that requires an economic system to solve! This lesson introduces the basic economic problem of scarcity and defines "Economics" and "Economic systems", both key concepts for a student starting out on his or her journey to study the "dismal science"! Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 59182 Jason Welker
Y1/IB 1) The Economic Problem (Scarcity & Choice)
 
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Y1/IB 1) The Economic Problem (Scarcity & Choice). Video covering what Economics is all about, The Basic Economic Problem and How to Allocate Scarce Resources with crucial choices Instagram @econplusdal Twitter: https://twitter.com/econplusdal Facebook: https://www.facebook.com/EconplusDal-1651992015061685/?ref=aymt_homepage_panel
Views: 43101 EconplusDal
Three Methods of Resource Allocation : Economics Homework Help by Classof1.com
 
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Visit : http://classof1.com/homework-help/economics-homework-help/ for customized academic assistance in Economics. Three Methods of Resource Allocation: In a traditional economy, resources are allocated according to the long-lived practices of the past. Tradition was the dominant method of resource allocation for most of human history and remains strong in many tribal societies and small villages in parts of Africa, South America, Asia, and the Pacific.
Views: 5374 classof1homeworkhelp
Allocative efficiency
 
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To help support Enhance Tuition, you can donate via this link: https://www.paypal.me/Junaid1022 Purchase all the PowerPoints from Unit 1: https://payhip.com/b/apTj In this video you will learn how: - To define the term ‘allocative efficiency’. - To represent the concept of productive efficiency on two diagrams: the production possibilities curve (PPC) the market equilibrium diagram Visit my website: www.enhancetuition.co.uk Email me at: [email protected] Script: In this video covering the A2 specification we will learn about the concept of allocative efficiency. By the end of this video you will be able to define the term allocative efficiency and be able to demonstrate it on both the PPC and the market equilibrium diagram. Whereas productive efficiency is primarily concerned with making the most use out of available resources, allocative efficiency is more concerned about how those resources are allocated, specifically with regard to society’s preferences. It occurs when the marginal benefit for a good is equal to its marginal cost of production. The price consumers are willing to pay should be equal to the opportunity cost of using those resources in production. It is only at this point that allocative efficiency is achieved. The PPC here represents the production of an economy split between producing capital goods and consumer goods. Points A, B and C, along the PPF represent the full use of available resources and are therefore productively efficient, but only ONE point is allocatively efficient. In order to determine the combination that is allocatively efficient, we must determine the combination of goods that best reflects consumers’ preferences. Most likely, producing all capital goods or all consumer goods is not desirable, so our allocatively efficient will be at some point in between. In this case that combination is represented by point B and therefore all other points are NOT allocatively efficient. Let’s go back to our original supply and demand diagram and consider the producer perspective when making production decisions. The demand curve in this instance represents the marginal benefit to consumers. The supply curve represents the marginal cost of production to the firm. As long as the marginal benefit of consuming an additional good is above the marginal cost of producing it, production will increase. This is because the price consumers are willing to pay exceeds the costs faced by the producer. Once the price consumers are willing to pay meets the costs producers face, equilibrium is reached. At this point consumer and producer surplus are maximised. So it is this condition, that marginal benefit or price, is equal to marginal cost that results in allocative efficiency. Allocative efficiency is a bit of a tricky concept and will become clearer as you progress in your studies at A2. For now, understand the basics introduced in this video and pay close attention to the market structure characteristics in order to learn which ones result in allocative efficiency and which structures don’t. For now you should be able to define the term allocative efficiency and demonstrate it on both the PPC and the market equilibrium diagram. If you have any questions or comments, leave them below or email me at [email protected] You can also visit my website at www.enhancetuition.co.uk. That’s us done for now and I will see you in the next one!
Views: 4741 EnhanceTuition
Factors of Production (Resources)
 
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Factors of Production (Resources) There 4 factors of production, namely, land/raw materials, labor, capital and entrepreneurship. Why is entrepreneurship considered a type of resource? Well, because an entrepreneur brings other 3 factors of production (land/raw materials, capital and labor) together to make production possible. Why is money not considered a type of resource in economics? What is the difference between economic capital and financial capital?
Views: 111412 Economics Mafia
How Inflation Affects Resource Allocation
 
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See more videos at: http://talkboard.com.au/ In this video, we look at how high inflation can cause resources to be inefficiently allocated in a number of ways. We will look at noise in the price system and also the movement away from productive investments by firms so as to preserve their purchasing power.
Views: 382 talkboard.com.au
Functions of the Price Mechanism
 
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This is a short revision video on some of the key functions of the price mechanism including the signalling and rationing function in the allocation of scarce resources among competing uses. A Level Economics Revision Flashcards These superb packs of revision flashcards contain everything you need to cover for AQA & Edexcel A Level Economics A 20% discount is automatically applied if you order 4 or more flashcard packs in the same order! https://www.tutor2u.net/economics/store/selections/alevel-economics-revision-flashcards CONNECT WITH TUTOR2U ECONOMICS Web: https://www.tutor2u.net/economics Twitter: tutor2u Economics: https://twitter.com/tutor2uEcon Twitter: Geoff Riley https://twitter.com/tutor2uGeoff Facebook: https://www.facebook.com/tutor2u Instagram: https://www.instagram.com/tutor2uecon/ MORE HELP WITH A LEVEL & IB ECONOMICS Online webinars: https://www.tutor2u.net/economics/events/students/online Revision Workshops: https://www.tutor2u.net/economics/events/students/face-to-face Study Notes on every Topic: https://www.tutor2u.net/economics/reference/study-notes Key topics: https://www.tutor2u.net/economics/topics - - - - - - - - - MORE ABOUT TUTOR2U ECONOMICS: Visit tutor2u Economics for thousands of free study notes, videos, quizzes and more: https://www.tutor2u.net/economics A Level Economics Revision Flashcards: https://www.tutor2u.net/economics/store/selections/alevel-economics-revision-flashcards A Level Economics Example Top Grade Essays: https://www.tutor2u.net/economics/store/selections/exemplar-essays-for-a-level-economics
Views: 33553 tutor2u
Allocation of Resources Examples
 
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Microeconomics Concept - Allocation of Resources Examples of three different ways to allocate resources in our economy
Resource allocation
 
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Resource allocation is the assignment of available resources to various uses. In the context of an entire economy, resources can be allocated by markets, by central planning, or by some combination of the two. In project management, resource allocation or resource management is the scheduling of activities and the resources required by those activities while taking into consideration both the resource availability and the project time. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 10496 Audiopedia
How Resources Are Allocated In A Free Market Economy?
 
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The profit motive forces producers to reduce costs and use the resources more efficiently (avoids wastage) kevin mcgill has a great answer. In the old soviet union, kremlin decided how much ice cream was to be pr 27 jun 2011 government has little role play in functioning of economic activities. However, due to the increased prices, advocates of free market contend that government intervention hampers economic growth by disrupting natural allocation resources according supply and demand, while critics is sometimes necessary protect a country's economy from better developed an system in which decisions regarding investment, production, distribution are guided price signals created forces demand. Another central feature of the free market economy is price mechanism. The however, in a market economy, goods and resources are allocated according to the decisions of individual producers consumers. Producers are free to manufacture the amount of goods demanded by consumers. The quantity of products consumed by people depends on their income and itself 8 nov 2017 download. Economic systems economics online economic online economicsonline. There are economies that use a mixture of these systems in particular the planned and free market system also known as mixed economy which some decisions resource allocation done by government other where markets allocate resources through price mechanism. In a free market economy resources are privately owned, the decisions regarding what to produce or how much produce, and for whom taken by private producers through forces 23 mar 2015 part is in which there absence of economic interest various rules made government excluding demand. Economic systems for resource allocation ebooks. I'll just add that i think the important distinction is allocation done from bottom up, not top down as in command economies. Free market economy where markets allocate resources through the price mechanism or communist system, scarce are owned by government. The major characteristic of a market economy is the existence factor markets that play dominant role in allocation capital 13 oct 2010 basic feature free only people with sufficient control over resources, and wealth, particular have privilege to purchase goods services, often priced very highly. In a free market economy, resources are allocated through the interaction of and self directed forces. This is referred to as the institution of private property rights. Within free 4 nov 2012 in market economy, resources are allocated according to the forces of demand and supply. The advantages of resource allocation in a free market economy are manifold. Economic systems economics onlinehow do resources get allocated in a free market economy economy, how are allocated? Quora. Resources are allocated according to the needs of consumers. Googleusercontent search. Resource allocation in command economy. Ru? S wpd&c dsp&k pure market economy full answer. How resources are allocated essay exampl
Views: 25 Laath Laath
Classroom Activity in Economics: Allocation  by Magisto
 
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Created by Magisto - Magical Video Editor (www.magisto.com)
Views: 1651 Alexis Estenor
Income Distribution and Resource Allocation
 
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See more videos at: http://talkboard.com.au/ In this video, we look at how income distribution may change price signals and hence the allocation of resources in the economy. Sometimes this may lead to an inefficient allocation of our limited resources.
Views: 300 talkboard.com.au
Scarcity, Opportunity Cost and the PPC
 
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The basic economic problem is one rooted in both the natural world and in human greed. We live in a world of limited resources, but we seem to have unlimited wants. This results in scarcity, which gives rise to the very field of Economics, which deals with how to allocate scarce resources between the competing wants and needs of society. This lesson will introduce these basic economic concepts, along with the first (and perhaps the most useful) graph an Economics student will learn, the Production Possibilities Curve. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 189834 Jason Welker
Lecture-02 Resources, Wants & Scarcity
 
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An Introduction to Microeconomics by Dr. Vimal Kumar, Department of Economic Sciences, IIT Kanpur. For more details on NPTEL visit http://nptel.ac.in
AGEC 350: Static and Dynamic Efficiency Part 1
 
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Static efficiency in the allocation of resources.
Views: 9180 Richard T Woodward
Micro Unit 1 Summary- Basic Economic Concepts
 
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The Micro Unit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my Ultimate Review Packet. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production possibilities curve, and comparative advatage. I also show you the quick and dirty (22:22). Don't worry, it's school appropriate. Thanks for watching and please subscribe. The Ultimate Review Packet https://www.youtube.com/watch?v=SxBL54a3-QQ Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 603945 Jacob Clifford
Resource Allocation 2
 
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REsource allocation, advantages and disadvantages of market and command economies. Open economies and mutual benefits
Views: 560 david hopcroft
Ch. 9 - Resource Allocation Decisions
 
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Description
Views: 972 UNFtannertown
Environmental Econ: Crash Course Economics #22
 
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So, if economics is about choices and how we use our resources, econ probably has a lot to say about the environment, right? Right! In simple terms, pollution is just a market failure. The market is producing more pollution than society wants. This week, Adriene and Jacob focus on the environment, and how economics can be used to control and reduce pollution and emissions. You'll learn about supply and demand, incentives, and how government intervention influences the environment. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 272887 CrashCourse
Lecture-03 Allocation, Command, Market  and Mixed Economy
 
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An Introduction to Microeconomics by Dr. Vimal Kumar, Department of Economic Sciences, IIT Kanpur. For more details on NPTEL visit http://nptel.ac.in
Equity vs. Efficiency in Economics
 
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This video discusses the difference between equity and efficiency in economics. When we say that an allocation of goods is "efficient" we mean there is no way (given the current resources and technology) to make someone better off without making at least one person worse off. Such an allocation of goods is Pareto Efficient. An efficient allocation, however, may not be equitable (fair). It might be efficient for one person to have all the chocolate produced by the economy while everyone else gets nothing, but most people wouldn't think this is fair. We can attempt to redistribute the resources to make the allocation more equitable, but we might lose some resources in the process and end up at an allocation that is not efficient. This is because transfers change people's incentives to work. That is not to say that we should abolish transfers, however- it is simply acknowledging that there is an equity/efficiency trade-off that legislators must make when developing public policy. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin This video was funded by a Civic Engagement Fund grant from the Gephardt Institute for Civic and Community Engagement at Washington University in St. Louis.
Views: 5972 Edspira
Free-Market and Command Economies Explained
 
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Go Premium for only $9.99 a year and access exclusive ad-free videos from Alanis Business Academy: http://bit.ly/1Iervwb View additional videos from Alanis Business Academy and interact with us on our social media pages: YouTube Channel: http://bit.ly/1kkvZoO Website: http://bit.ly/1ccT2QA Facebook: http://on.fb.me/1cpuBhW Twitter: http://bit.ly/1bY2WFA Google+: http://bit.ly/1kX7s6P A nation's economic system largely impacts how it chooses to allocate its resources. While some countries allow the government to make these decisions, others rely on markets to to determine what goods and services get produced, who gets them, and how the economy grows. Learn more about economic systems as well as the two major types of economic systems.
Economics Is -- GenEcon 1
 
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Notes for Economics www.saseassociates.com Short animation of the allocation of scarce resources, human and non-human, divided into factors of production to produce goods and services to satisfy needs and wants. Economics is the management of household through the allocation of resources. These resources are scarce in time, space, or both. Resources can be either human or nonhuman. human resources can be either labor or entrepreneurship. Nonhuman resources can be land, capital, or technology (intellectual property). The payment derived for each of these are: Labor -- wage$, Entrepreneurship -- profit$, Land -- rent$, capital -- interest%, and technology -- royalty%. These five resources are factors of production that are allocated to the production of goods and services in order to satisfy needs and wants.
Views: 598 Video Economist
Economic Systems and Macroeconomics: Crash Course Economics #3
 
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In which Jacob Clifford and Adriene Hill teach you about Economic Systems and Macroeconomics. So, economics is basically about choices. We'll look at some of the broadest economic choices when we talk about the difference between planned economies and market economies. We'll get into communism, socialism, command economies, and capitalism. We'll look at how countries choose the kind of system they're going to use (spoiler alert: many end up with mixed economies). We'll also look into how individuals make economic choices. Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark Brouwer, Jan Schmid, Anna-Ester Volozh, Robert Kunz, Jason A Saslow, Christian Ludvigsen, Chris Peters, Brad Wardell, Beatrice Jin, Roger C. Rocha, Eric Knight, Jessica Simmons, Jeffrey Thompson, Elliot Beter, Today I Found Out, James Craver, Ian Dundore, Jessica Wode, SR Foxley, Sandra Aft, Jacob Ash, Steve Marshall TO: Everyone FROM: Martin To gild refined gold is just silly. TO: Dana FROM: Cameron Still holding out. We're going to make it! Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever: Raymond Cason, Marcel Pogorzelski, Cowgirlgem, Chua Chen Wei, Catherine Emond, Victoria Uney, Robin Uney, Damian Shaw, Sverre Rabbelier Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1436768 CrashCourse
Economic Growth in the PPC - the capital v.  consumer goods tradeoff
 
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How a country chooses to allocate its resources today can affect how quickly its economy grows in the future. This video explores the tradeoff between current and future consumption a country faces when choosing between the production of capital and consumer goods, and the relationship between this choice and the rate of economic growth More resources for economics students and teachers at econclassroom.com
Views: 910 Jason Welker
Optimum Allocation of Resources
 
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Optimum Allocation of Resources (Free Trade) in which live (men included) is measured to his economic value. (product
Views: 2216 franciscussmeets
Economic System ECONOMICS 5.1
 
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An economic system is a system of production and distribution of goods and services as well as allocation of resources in a society. It includes the combination of the various institutions, agencies, entities (or even sectors as described by some authors) and consumers that comprise the economic structure of a given community. A related concept is the mode of production. The study of economic systems includes how these various agencies and institutions are linked to one another, how information flows between them, and the social relations within the system (including property rights and the structure of management). Among existing economic systems, distinctive methods of analysis have developed, such as socialist economics and Islamic economic jurisprudence. Today the dominant form of economic organization at the global level is based on capitalist market-oriented mixed economies.
Views: 314 All is Economy
MICROECONOMICS I Allocation Of Resources Between a Monopoly and A Perfectly Competitive Industry
 
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Online Private Tutoring at http://andreigalanchuk.nl Follow me on Facebook: https://www.facebook.com/galanchuk/ Add me on Linkedin: https://www.linkedin.com/in/andreigalanchuk?trk=nav_responsive_tab_profile
Views: 380 Andrei Galanchuk
Resource allocation and financing-phase i(Pre-reform) (ECO)
 
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Subject : Economic Paper : Economic planning in india: overview & challenges Module : Resource allocation and financing-phase i(Pre-reform) Content Writer : Dr. Aradhana Nanda
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Resource Allocation
 
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8 ways the government can allocate scarce resources
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Economics Vodcast - Market Failure
 
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IB Economics - Vodcast on Market Failure: Economics video podcast based on a IB economics past paper exam question. What role do prices play in the allocation of resources in free market economies? Evaluate the options available to governments to overcome the failure of markets arising from the production and consumption of demerit goods.
Views: 221 Daniel Poon