This video defines the concept of Economic Value Added (EVA) and works through an example. 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
Views: 115984 Edspira
Creativity and innovation are vital for economic paradigm shift and diversification of trade and services. Countries that seek to improve productivity and competitiveness ranking globally invest in promising sectors with high added values and high technological contentspaving the way for more manufacturing activities.These industries when they blossom become catalysts for economic growth, determine the extent these economies are present in the value-added production chains in the world, and the flow of FDI in the global economy. By supporting local industries and creating enabling environment for innovation to thrive, countries can curb brain drain. Partnerships between and among Islamic countries play a significant role in establishing programs and mechanisms to realize this objective. #IsDBAnnualMeeting #IsDBTN18 #IsDB43AM #ISDB #IsDBGroup
Views: 484 Islamic Development Bank Group
Creative Economy and "K-Valley" The Park Geun-hye administration′s "creative economy" is beginning to take its first steps, with the recent announcement of an action plan. What should the people of Korea be looking for in the months and years to come? For those answers and more on the creative economy, we welcome CEO-turned-lawmaker Jhun Ha-jin from the Saenuri Party. 창조경제와 K밸리 박근혜 정부의 ＜창조경제＞, 본격행보가 시작됐다. 부처별로 ＜창조경제 세부계획＞과 ＜후속대책＞들을 속속 발표, 시행하고 있는데, 국민들은 ＜창조경제＞의 시스템을 어떻게 활용하고 어떤 혜택을 받을 수 있을까? 이번 주 [AFTER10]에서는 지난 주 미래창조과학부 차관님의 출연에 이어 벤처기업 CEO 출신인 새누리당 ＜전하진＞의원과 ＜창조경제＞를 이야기 한다.
Views: 15 ARIRANG ISSUE
“Blindly” Engaging in Global Supply Chains Can Erode Developing Nations’ Economic Power In a world composed of global value chains, headline global trade data can mask the truth about how much exports are actually benefiting a country, according to professor Xiao Jiang from Denison University. Here’s why: If a country’s imports of semi-finished goods contain significant high-skill labor content, that country will lose will lose domestic share of value-added activities. That means a loss of economic power. Developing countries should therefore engage in global value chains in a “selective, careful, and intelligent way” in the face of market power of foreign-led, high value-added firms. They also need government trade policies that will help prevent “value-added erosion,” says Jiang. Through collective bargaining, unions of small manufacturers could also better “counter the asymmetric power structure” and protect vulnerable workers.
Views: 5006 New Economic Thinking
✪✪✪✪✪ WORK FROM HOME! Looking for WORKERS for simple Internet data entry JOBS. $15-20 per hour. SIGN UP here - http://jobs.theaudiopedia.com ✪✪✪✪✪ ✪✪✪✪✪ The Audiopedia Android application, INSTALL NOW - https://play.google.com/store/apps/details?id=com.wTheAudiopedia_8069473 ✪✪✪✪✪ What is VALUE ADDED? What does VALUE ADDED mean? VALUE ADDED meaning - VALUE ADDED definition - VALUE ADDED explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. In business, the difference between the sale price and the production cost of a product is the unit profit. In economics, the sum of the unit profit, the unit depreciation cost, and the unit labor cost is the unit value added. Summing value added per unit over all units sold is total value added. Total value added is equivalent to revenue less intermediate consumption. Value added is a higher portion of revenue for integrated companies, e.g., manufacturing companies, and a lower portion of revenue for less integrated companies, e.g., retail companies. Total value added is very closely approximated by compensation of employees plus earnings before taxes. The first component is a return to labor and the second component is a return to capital. In national accounts used in macroeconomics, it refers to the contribution of the factors of production, i.e., capital (e.g., land and capital goods) and labor, to raising the value of a product and corresponds to the incomes received by the owners of these factors. The national value added is shared between capital and labor (as the factors of production), and this sharing gives rise to issues of distribution. Outside of economics, value added refers to "extra" feature(s) of an item of interest (product, service, person etc.) that go beyond the standard expectations and provide something "more", even if the cost is higher to the client or purchasor. Value-added features give competitive edges to companies with otherwise more expensive products. Value-added methods and measurements are also being utilized in education as part of a national movement towards teacher evaluation and accountability in the United States. This type of measure is known as a value added modeling or measures. Value added tax (VAT) is a tax on sales. It works by being charged on the sale price of new goods and services, whether purchased by intermediate or final consumers. However, intermediate consumers may reclaim VAT paid on their inputs, so that the net VAT is based on the value added by producing this good or service.
Views: 9529 The Audiopedia
The HVM Catapult is working with the metals community to understand where we can help to deliver value into the UK economy. To find out more, contact us at: [email protected] or head to our website: www.hvm.catapult.org.uk
Views: 148 HVMCatapult
"Value" explains how to make good decisions when your options include things that have price tags (market values) AND things that do not (nonmarket values). "Value" is the second installment of the "Econ 120" series, where a dorky but lovable economist explains economic concepts in plain English. Filled with anecdotes and real-world examples, each "lesson" lasts about two minutes, or 120 seconds—thus, "Econ 120." These animated features are produced by the NOAA Coastal Services Center, targeting the needs of local government officials and others who manage the natural resources of our nation's coasts. Original source: https://coast.noaa.gov/gallery/videos/econ120/values.html
Views: 20250 usoceangov
High value-added exports A recent report shows where Korea stands when it comes to exports of high-value added products in comparison to other countries. While the country has seen some progress, there are growing calls for greater balance across different fields 한국 고부가제품 수출, 선진국과 중국 사이 '샌드위치'! 투자에 비해 생산을 통해 얻을 수 있는 가치가 큰 고부가가치산업! 최근 10년간 한국 수출품의 고부가가치화는 상당히 진척된 상황이나, 여전히 미국, 독일 등의 선진국과는 큰 격차를 보이고 있는 실정인데... 또한 중국의 거센 추격에도 쫓기고 있는 상황! 갈길 먼 고부가 제품 수출, 그 한계와 돌파구를 알아본다! Visit ‘Arirang Issue’ Official Pages Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 36 ARIRANG ISSUE
Economic activity in Bahrain was subdued in 2018 and is expected to remain at about 1.8 percent this year, according to the International Monetary Fund (IMF). The IMF described the introduction of value added tax (VAT) in January as "a particularly significant step", as are plans for cost recovery in utilities and further means-tested subsidy reforms. It added that the Fiscal Balance Program (FBP), accompanied by $10 billion in regional support, marks a major step in Bahrain’s reform agenda and has alleviated near-term financing constraints. The IMF noted that oil output in Bahrain is expected to have declined by 1.2 percent, while non-oil output growth decelerated to 2.5 percent, driven by slowdowns in retail, hospitality, and financial services sectors. Continued implementation of GCC-funded projects has supported growth in the construction sector, with inflation edging up to 2.1 percent, mainly driven by higher food and transport prices. With higher oil prices, the reduction in utility subsidies, and the new excise taxes, the overall deficit in 2018 fell to 11.7 percent of GDP, from 14.2 percent in 2017, the IMF added. Arabian Business reporters Shruthi Nair and Shayan Shakeel discuss Bahrain's economy on this edition of Inside AB. Website: http://www.arabianbusiness.com/ Like Us on Facebook: https://www.facebook.com/ArabianBusiness Follow Us on Twitter: https://twitter.com/ArabianBusiness Follow us on Google+: https://plus.google.com/+arabianbusiness Follow Us on Instagram: https://www.instagram.com/arabianbusiness/ Follow Us on LinkedIn: https://ae.linkedin.com/company/arabian-business Subscribe to our Youtube Channel for Business News and Events in the Middle East Region: https://www.youtube.com/user/arabianbusiness/featured?sub_confirmation=1
Views: 4608 ArabianBusiness.com
The forest industry is the cornerstone of the Finnish bioeconomy. The bioproduct mill will diversify and stabilize Finland’s forest economy and bioeconomy and expand their product range with products that have a high added value. The investment in the new mill totals 1,2 billion euros. It is the biggest investment in the history of the Finnish forest industry, which employs more than 2500 people in the direct value chain. All of the wood the bioproduct mill uses will be sourced from Finland. The inauguration of the bioproduct mill was celebrated in Äänekoski on 18 October 2017.
Views: 657 Metsä Group
Experts say China will formulate policies to re-adjust its economic structure and achieve innovation to boost economic growth. They also express confidence in the performance of the Chinese economy despite a slowdown.
Views: 81 New China TV
This video gives an insight into the 7 world-class facilities that make up the High Value Manufacturing (HVM) Catapult. For more information on the HVM Catapult, click here: https://hvm.catapult.org.uk Subscribe to our YouTube channel here: https://www.youtube.com/user/HVMCatapult Follow the HVM Catapult on Twitter: https://twitter.com/HVM_Catapult
Views: 814 HVMCatapult
For years, the tea plant Camellia sinensis has been growing on the Tshivhase Tea Estates near Sibasa in Limpopo. In efforts to boost the local economy, the CSIR became part of a collaboration to produce botanical extracts from this tea crop and to test the viability of value-added products based on these extracts.
Views: 1437 CSIRNewMedia
Kerr food & agricultural products what are value added 10 ways that you can add to your product or service good financial dictionary the free. What the customer wants is another driving factor in shift to 20 jun 2014 only a fraction of local produce becomes value added products would like process their crops into products, but feel that experience too. How is value added agriculture explained? . What is industry value added? . Value added in business, the difference between sale price and production cost of a product is what does value add mean? your changed value, such as processing wheat into technological advances that enable producers to produce consumers process taking raw commodity changing its form high quaility end. What are value added products? The balance. Value added describes the enhancement a company gives its product or service before offering to customers. Value added is defined as the addition of value products are by usda having a change in physical state or form product (such milling wheat into flour making 8 jun 2011 concept selling has been popular one for you can add to your service no matter what it sell finance term. Agricultural marketing what is value added? Robert m. What are value added products? The balancevalue wikipedia. What does value added good mean in finance? The increase to the of a product at each stage production cycle or supply chain for several years, industry experts have been predicting that products and services will be key utilities' energy providers' 16 dec 2013 focused businesses are moving into. Our new aa added value products will do just that adding even more to your membership. Value added products and services what should utilities offer the benefits of value gaa accounting. 18 feb 2017 at the most basic, a value added product simply means any product or action that helps you raise the value of your products or business or what is 'value added'. What is a value added tax (vat)? Definition and meaning services insurance glossary approach to calculating gross domestic product. What can you claim for? Past and the designations employed presentation of material in this publication do not imply expression any opinion what so ever on part food 25 sep 2009 is a higher value added economy? Innovation therefore critical factor raising product (and therefore, ultimately, price), thus investigation intend to uncover how by small scale processed foods are products, referring fact that raw 27 jul 1998 agricultural products range from very intricately market gardening entrepreneur's guide selling grow an industry, also referred as gross domestic (gdp) contribution private industry or government sector definition tax (vat) indirect consumption if want buy lot must know services provided employment practices liability (epl) insurers, for example, seek prevent control kinds claims covered epl 26 mar 2017 calculating using total at all stages production then counted. What is a value added product? Farm to table guam corp products from beekeeping sustaining higher economy united kingdom adding in food production agroforestry overstory #13.
Views: 27 Bet My Bet
This year's China Development Forum is set to wrap up Monday in Beijing. During the last day of the forum, China's Minister of Industry and Information Technology, Miao Wei, remarked that China will continue to encourage higher value-added production, along with continuing to deepen reforms in science and technology. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Website: https://www.cgtn.com/ Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/ Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter: https://twitter.com/CGTNOfficial Pinterest: https://www.pinterest.com/CGTNOfficial/ Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing Tiktok: https://m.tiktok.com/h5/share/usr/6593878228716666886.html?u_code=d1kab7mki4ai6e&utm_campaign=client_share&app=musically&utm_medium=ios&user_id=6593878228716666886&tt_from=copy&utm_source=copy Douyin: https://www.youtube.com/redirect?q=http%3A%2F%2Fv.douyin.com%2F8QTXhV%2F&redir_token=WkBScl40kZbx7ZwJ9M7QhhTjErx8MTU0NTcyMTg3N0AxNTQ1NjM1NDc3&event=channel_description
Views: 596 CGTN
What is ECONOMIC TRANSFORMATION? What does ECONOMIC TRANSFORMATION mean? ECONOMIC TRANSFORMATION meaning - ECONOMIC TRANSFORMATION definition - ECONOMIC TRANSFORMATION explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ In economics, economic transformation refers to the continuous process of (1) moving labour and other resources from lower- to higher-productivity sectors (structural change or structural transformation) and (2) raising within-sector productivity growth. As such, economic transformation emphasises the movement from low- to high-productivity activities within and across all sectors (which can be tasks or activities that are combinations of agriculture, manufacturing and services). This movement of resources from lower productivity to higher-productivity activities is a key driver of economic development. Within-sector productivity growth entails the adoption of new technologies and management practices that increase the efficiency of production. It can come about as a result of the increased efficiency of existing firms or as a result of the reallocation of resources away from the least productive firms towards more productive firms. Economic transformation can be measured through production/value-added measures and trade-based measures. Production-based measures include: (1) sector value added and employment data, to show productivity gaps between sectors; and (2) firm-level productivity measures, to examine average productivity levels of firms withing one sector. Trade-based measures include: (1) measures of revealed comparative advantage to show the levels of specialisation of a country in certain exports; and (2) export diversification measures such as those produced by the International Monetary Fund.
Views: 463 The Audiopedia
You can find all my courses for IAS preparation here: https://goo.gl/idepSv Download the Unacademy Learning App here: Android: https://goo.gl/02OhYI iOS: https://goo.gl/efbytP Download the Unacademy Educator App here: Android: https://goo.gl/H4LGHE iOS: https://goo.gl/1FkFHp Do Subscribe and be a part of the community for more such lessons here: https://goo.gl/gycFVs
Views: 30049 Unacademy
High value-added exports A recent report shows where Korea stands when it comes to exports of high-value added products in comparison to other countries. While the country has seen some progress, there are growing calls for greater balance across different fields. Signs of the future today A Japanese hotel is staffed entirely by robots, and consumers interact with their home appliances by text message. These are new technologies that are popping up in the greater Asia region. They also could come to a space near you. 한국 고부가제품 수출, 선진국과 중국 사이 '샌드위치'! 투자에 비해 생산을 통해 얻을 수 있는 가치가 큰 고부가가치산업! 최근 10년간 한국 수출품의 고부가가치화는 상당히 진척된 상황이나, 여전히 미국, 독일 등의 선진국과는 큰 격차를 보이고 있는 실정인데... 또한 중국의 거센 추격에도 쫓기고 있는 상황! 갈길 먼 고부가 제품 수출, 그 한계와 돌파구를 알아본다! 미래 먹거리 4차산업, 아시아도 본격 시동 로봇을 직원으로 쓰는 일본 호텔, 문자 메시지로 작동시키는 진공청소기! 이제는 먼 미래의 이야기가 아니다. 일본과 싱가포르에서 실제 시행하고 있는 '4차 산업'의 한 일례다. 아시아에서 부흥하고 있는 4차 산업의 두 가지 사례를 구체적으로 짚어본다. Arirang's representative news program "Arirang NEWS" provide up-to-the-minute, objective and in-depth coverage of domestic and international news every 2 hours. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 268 ARIRANG TV
Seeking to reduce its reliance on the oil sector and diversify its economy into more value-added areas, the Gulf country of Kuwait is pursuing an ambitious national initiative and setting its sights on the year 2035 -- by which time it intends to have future-proofed its economy. fDi editor-in-chief Courtney Fingar reports on what this grand vision means for foreign investors.
Views: 13309 fDi Intelligence
How can you position your local growth strategy between creating any jobs and high-value jobs? In this webinar, we’ll show you how you can do this, using our newly modelled Gross Value Added (GVA) data, which is available down to detailed industries at local authority level. Specifically, we’ll look at how you can: • Identify the value as well as volume of key industries within your local economy • Estimate industry productivity and benchmark to regional and national levels
Views: 20 Emsi UK
Traditionally an export-oriented economy, the city's models have changed in recent years to focus on high-value added production, making the capacity for innovative research and development not only impressive, but also, globally influential.
Views: 11 China SCIO
Our aim is to provide an objective view of an industry sector that can transform Bangladesh's economy, whilst reversing damages to her delicate environment. We hope the message will stick to our audience, and encourage potential buyers to consider Bangladesh for high, value-added leather products. Under 5 minutes, this curated video provides an overview of Bangladesh's leather industry, starting from (1) its perceptions from end consumers, (2) current productivity status, (3) inherent modernisation challenges, (4) achievements & progress and lastly, (5) key statistics representing opportunities. Footage curated from UNIDO, Asia Foundation & Jamuna TV Sources: Youtube, The Daily Star, Bangla News & Asia Foundation
Views: 33580 Tradeshi Trekker
Superfast Cornwall made Cornwall and the Isles of Scilly some of the best digitally-connected rural areas in Europe. The first phase of the EU funded project has so far provided an estimated £275 million annual boost to the local economy, creating 3,120 jobs. The EU's European Regional Development Fund (ERDF) provided £53 million of the total £132 million project value. Superfast Cornwall has contributed towards the economic transformation of the region and helped to make it a more knowledge based, high value added, lower carbon economy. In August 2017 a new £17.6 million deal has been announced to take ultrafast broadband to thousands more homes and businesses in some of Cornwall’s most remote places. £8.5 million of the total budget comes from the ERDF programme.
Views: 46 EULondonRep
The Kuwait Investment Forum, held in Kuwait City in March 2018, showcased investment opportunities in the types of high-value-added projects which the country is making it a priority to attract -- such as a new investment by US aerospace giant Boeing which was announced at the event.
Views: 12852 fDi Intelligence
China's fiscal revenue and tax revenue maintained a high growth in the first five months of 2018, showing the country's economy continued the stable and sound development. From January to May, China's fiscal revenue reached 8.67 trillion yuan, up 12.2 percent year on year. Revenue from taxes expanded 15.8 percent year on year to 7.68 trillion yuan, according to official data. "The economic growth in the first half of the year maintained the good momentum in 2017. The increase in fiscal revenue obviously was based on it," said Liu Shangxi, head of Chinese Academy of Fiscal Sciences. According to data, the revenue from value-added tax rose 19 percent to 2.84 trillion yuan in the first five months. "The increase of value-added tax benefited from the steady recovery in the prices of industrial products, the development of real economy and the significant improvement in quality of service industry," said Li Wanfu, head of Taxation Science Research Institute under State Administration of Taxation. The corporate income tax also saw a faster growth during the period, up 10.9 percent to 1.93 trillion yuan. The increase was mainly driven by the growth of corporate profit. "The high-tech industry and some strategic new service industries had a higher value-added rate, so they gained more profits and promoted the increase of corporate income tax," said Bai Jingming, vice president of Chinese Academy of Fiscal Sciences. Expert said the fast growth of fiscal revenue marked the success of the structural adjustment. In the first five months of this year, the government provided a tax exemption of 150 billion yuan for high-tech industries, and 100 billion yuan for small and micro businesses. "The tax cut policies truly benefit enterprises. The tax reduction nurtures the new driving forces for economic growth and promotes the development of new driving forces," said Sun Hongmei, a researcher at Taxation Science Research Institute under State Administration of Taxation. Experts said China will further expand tax cuts to promote the optimization of economic structure, adding new energy to the increase of fiscal revenue and tax revenue. http://www.cctvplus.com/news/20180620/8083502.shtml#!language=1 Welcome to subscribe us on: Facebook: https://www.facebook.com/NewsContent.CCTVPLUS Twitter: https://twitter.com/CCTV_Plus LinkedIn: https://www.linkedin.com/company/cctv-news-content Instagram: https://www.instagram.com/cctvnewscontent/ Video on Demand: www.cctvplus.com If you are in demand of this video footage, please contact with our business development team via email: [email protected]
Views: 166 CCTV Video News Agency
Who wouldn't want more opportunities, more choices, and a more robust economy? The Working Group on Convention and Exhibition Industries and Tourism of the Economic Development Commission recommends the development of diversified and high value-added tourism. Take a look at how we enhance and gear up Hong Kong's tourism on all fronts (www.cedb.gov.hk/citb/edc)!
Views: 1593 政府新聞處 Information Services Department, HKSARG
Speech by Mr Kevin Bygate, CEO of the SPECIFIC Innovation and Knowledge Centre. Originally delivered at the KTN event: UK Wealth Creation through High Value-added Materials, which took place 25 June 2014 at the House of Lords.
Views: 67 Materials Community
Economic growth in Malaysia has been resilient in recent years showing a well-diversified economy and solid macroeconomic fundamentals. The Malaysian government is putting emphasis on moving into a higher value added growth model to become a high income economy. Yet, there will be emerging structural constraints as capital accumulation faces headwinds. The 15th MEM focuses on the need to increase total factor productivity and labor productivity through skills, innovation, infrastructure and efficiency, to increase productivity growth in Malaysia. Panelists : Dr Ulrich Zachau, Director of Regional Partnerships World Bank Assoc Prof Dr Teo Wing Leong, Head of School of Economics, University of Nottingham Malaysia En Rauzah Zainal Abidin, Director, Productivity Development, Malaysian Productivity Corporation Dato' Heng Huck Lee, Chief Executive Officer of Globetronics Technology Bhd. (will be representing the local business community)
Views: 190 PENANG INSTITUTE
The Diesel Technology Forum released a new economic report, "Diesel Powers the U.S. Economy: Providing High-Paying Jobs, Exports and Long-Term Productivity Gains in the Nation's Fundamental Sectors", authored by Aspen Environmental Group and M.Cubed which quantifies the diesel industry's current contribution to the economy and its evolution as a sustainable, green, high value added industry. Download Diesel Powers the U.S. Economy: Providing High-Paying Jobs, Exports and Long-Term Productivity Gains in the Nation's Fundamental Sectors at http://www.dieselforum.org/index.cfm?objectid=DD212950-E948-11E0-947A000C296BA163.
Views: 189 DieselTechForum
*Bole Lemi , Ethiopia’s thriving industrial sector* Ethiopia’s Bole Lemi Industrial Zone is a project that covers 156 hectares. It is designed to help companies such as agro-processors, pharmaceutical and textile manufacturers produce and sell value-added goods and boost revenue from exports. Already the industrial zone has close to 9,000 people while Industrialization represent 5% of the country's GDP. *New dawn for Chinese Yuan* China's yuan, or Renminbi (RMB), enters an historical … READ MORE : http://www.africanews.com/2016/10/07/ethiopia-s-industrial-zone-thrives-despite-economic-downturn-business-africa Africanews is a new pan-African media pioneering multilingual and independent news telling expertise in Sub-Saharan Africa. Subscribe on ourYoutube channel : https://www.youtube.com/c/africanews Africanews is available in English and French. Website : www.africanews.com Facebook : https://www.facebook.com/africanews.channel/ Twitter : https://twitter.com/africanews
Views: 11718 africanews
Democratic Presidential candidate Andrew Yang discusses his 2020 presidential bid, universal basic income and why he supports a VAT tax. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London. Subscribe to Fox Business! https://bit.ly/2D9Cdse Watch more Fox Business Video: https://video.foxbusiness.com Watch Fox Business Network Live: http://www.foxnewsgo.com/ Watch full episodes of FBN Primetime shows Lou Dobbs Tonight: https://video.foxbusiness.com/playlist/longform-lou-dobbs-tonight Trish Regan Primetime: https://video.foxbusiness.com/playlist/longform-trish-regan-primetime Kennedy: https://video.foxbusiness.com/playlist/longform-kennedy Follow Fox Business on Facebook: https://www.facebook.com/FoxBusiness Follow Fox Business on Twitter: https://twitter.com/foxbusiness Follow Fox Business on Instagram: https://www.instagram.com/foxbusiness
Views: 234010 Fox Business
To make sense of Karl Marx or even Adam Smith, you need to see the way they looked at prices — through the labor theory of value. SUBSCRIBE: http://bit.ly/2dUx6wg LEARN MORE: What Is Subjective Value? (video): Professor Don Boudreaux explains why the value of goods is subjective, as opposed to objective. https://www.youtube.com/watch?v=AYuHUdE_pys Marx’s Labor Theory of Value (online course module): Guinevere Liberty Nell explains Marx’s labor theory of value in the context of the economic history of the Soviet Union. https://www.mruniversity.com/courses/economic-history-soviet-union/introduction-labor-theory-value Subjective vs. Objective Value: The Economist and the Philosopher (video): Professor Aeon Skoble explains the differences in how economists and philosophers conceive of “value”. https://www.youtube.com/watch?v=6PeRBsEyakU TRANSCRIPT: Daniel Russell: Introducing the labor theory. The labor theory of value was a common theory in the 18th and 19th centuries about where prices come from and how a thing's price is related to that thing's value. What exactly is a thing's price? Or to put it another way, what is a good or service really worth? What is its real value? A modern economist would answer that the value of a good or service is determined subjectively. To put it very simply, the value of the thing that's being traded just is whatever the people doing the trading can both agree upon within an exchange that each of them would prefer. You might say that there is no such thing as the real value, if you mean a value that's somehow independent of the bargain that the traders actually make. But for a long time, economists generally thought of the value of a good or service as something objective. That is, something about the object itself that's being traded. On this view, there is some basic bearer of value in the world, and all other values and prices can be counted as multiples of that basic unit of real value. Historically, the most significant version of this theory is that the basic bearer of value is human labor, measured in the hours of work that have to be given up in order to produce some good or service. That is the labor theory of value. Adam Smith summed up the labor theory this way: "The real price of everything, what every thing really costs to the man who wants to acquire it, is the toil and trouble of acquiring it." That toil and trouble includes the labor necessary to sustain oneself, as well as to replenish any materials used and to cover the costs of wear and tear on any tools or machines. But in order to improve one's standard of living over time, there must also be extra labor to create a surplus, like the tools and materials needed to build a new, bigger house, as well as enough food to last on the days spent building. When two people exchange, the price the consumer pays to the producer is just equal to the amount of labor time that is required to produce the commodity. That doesn't mean the producer can just increase the value by working more slowly. The value doesn't depend on how much time the production actually takes, but on how much time it generally takes given the level of productivity that's possible in society at the time. The price is equal to the value of the labor that is socially necessary to provide the producer's subsistence, to replace the spent capital, and to secure a surplus. It's important to see that on this theory, everything on the production side is labor. This is easy enough to see in the case of the living, breathing work that goes into production. But even the capital that makes the work possible can be seen as a kind of reified labor. Karl Marx sometimes described capital as accumulated labor, because it is the result of labor done in the past and it has become embodied, so to speak, in the form of tools and machines and factories, in the form of materials, and in the form of savings. These things are often called the means of production, or just capital. Neither work nor capital produce anything without the other. It always takes these two factors, these two types of labor, to produce anything. The labor theory of value is a theory about the nature of prices. It says that the real price of any good or service depends on some feature of that good or service. In particular, its real price depends on the quantity of all the labor that is socially necessary as an input to the production of that good or service. Very simply put, prices count the hours of work required. LEARN LIBERTY: Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
Views: 42376 Learn Liberty
Chief Secretary Matthew Cheung: The Chief Executive Mrs Carrie Lam's inaugural Policy Address has outlined our vision to develop a high value-added and diversified economy while strengthening the traditional economic pillars in the face of fierce competition from our counterparts. We will press ahead (with) the development of Hong Kong (into a) world-class premier tourist destination. Apart from maintaining a steady growth in visitor numbers, we will spare no effort to attract more high-yield overnight visitors to ensure the balanced and sustainable development of the industry as a whole. Travellers will look for good hotel services and facilities, and understandably so. On this front, we count on your continuous support. Over the years, graduates of the school have made sterling contribution to the hospitality and tourism industry and our city. On this note, I would like to thank profusely the generous donation of $80 million from the benevolent Chan family to PolyU, particularly the School of Hotel & Tourism Management. I am sure that, with this enormous support, coupled with the expertise and passion of PolyU, the university will continue to nurture new blood contributing to the well-being and development of our society. (http://j.mp/2BuMVcI)
We've been talking about the unavoidables recently. Last time, we covered Death. This time, it's taxes. So, what are taxes? Why do we pay taxes? What is all that tax money used for? This week, Adriene is going to cover all that and more. We'll talk about types of taxes, progressive and regressive taxes, tax brackets, and we'll even get into a few historical scenarios where bad tax policy led to revolutions. 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: 619515 CrashCourse
Korea boasts one of the most productive ICT sectors in the world. However，... when it comes to extracting the optimal value out of its products，... the country is lagging behind the rest of the pack. Sohn Jung－in reports. According to a report by the Korea Productivity Center， Korea created the least added value in the use of information communication technology among ten IT leaders in the OECD. The value added in ICT－using services， such as wholesale and retail trade， finance and insurance， shows how effectively a country uses its ICT resources. The United States had the most value added at 37－and－a－half percent， followed by the Netherlands with 37 percent. Germany and Britain were third and fourth， respectively. Korea ranked the lowest among the IT powerhouses at 26 percent. Experts attribute the low score to a lack of attention to the technical development of software. They say IT companies in Korea focus too heavily on production and sales， without setting a long－term vision to invest in software development. However， in terms of the value added in its ICT－producing industry， Korea came second at nine－and－a－half percent， trailing behind Finland. Market watchers say the government， apart from deregulation， must come up with other measures to help promote investment in the ICT sector. They identified Internet of Things as one of the most promising fields that can attract investors currently reluctant to make investments due to the sluggish economy. Sohn Jung－in， Arirang News.
Views: 117 ARIRANG NEWS
In laying out future tasks, Premier Li vowed larger-scale tax cuts. The government will deepen value-added tax reform, reducing the current rate of 16 percent in manufacturing and other industries to 13 percent, and lower the rate in the transportation, construction, and other industries from 10 to 9 percent.
Views: 162 CGTN America
Since the 1970's Sarawak has developed from a producer of raw materials into an emerging multi-sector economy. Malaysia plans to achieve high-income status by 2020, moving farther up the value-added production chain through investments in high technology industries, medical technology and pharmaceuticals. The current administration is continuing to increase domestic demand and to reduce the country's dependence on exporting. Electronic exports, however, remain a major driver of the Malaysian economy.
Views: 1370 sarawakbersatu
In this video the Food Product Entrepreneur's Mentor, Duane Thompson has a unintentional discussion about the overall Value Added Food Product Business and how it is anticipated to affect the global economy and future commodity markets. With the world population set to double over the next 10 years the food business outlook is promising. Hire me to be your product consultant/mentor. I specialize in food products, however my systems will work with any tangible product business. Please note I only work with true product manufacture entrepreneurs and not re-sellers of others goods. Just send me an e-mail [email protected] or leave a message in the comment section and I'll get back to you! **Get the book you see behind me**Think Outside The Bottle The Product Entrepreneur's Playbook http://a.co/1IDsGcg
Views: 77 Duane Thompson
Gail shows you how to turn a low value crop, like pumpkin and squash, into a high value one. Slicing them up and using their seeds are easy and no-cost ways to earn $1,000 - $2,000 per segment, which is 1,000 sq. ft. in the SPIN system. Other ways to make more money from your farm operation, without expanding your growing space or labor force, are available in this case study: http://www.spinfarming.com/buy/grow-your-business?guide=1#guide-1
Views: 1892 SPINFarming
GDP data are among the most important economic data available for measuring economic growth, but measuring the output of a large, dynamic economy is a complex task. In the seventh episode of the Economic Lowdown Video Series, economic education specialist Scott Wolla explains what GDP measures, how it is calculated, how it is useful in determining whether and how quickly the economy is growing, and how GDP can be used as indicator of standard of living. Instructors, learn more at https://www.stlouisfed.org/education/economic-lowdown-video-series/episode-7-gross-domestic-product
Views: 157111 Federal Reserve Bank of St. Louis
On this week's edition of "In the Market" Debarl Inea is joined by Vincent Kimosop, Dr. Collins Odote, Kiriro Wa Ngugi and Jason Braganza to discuss the implications of the 8% value-added tax on the overall rate of inflation as opposed to what the Central Bank governor Dr. Patrick Njoroge expressed. Watch more NTV Kenya videos at ntv.co.ke and nation.co.ke. Follow @ntvkenya on Twitter. Like our page on Facebook: NTV Kenya. Follow and Double tap on Instagram: NTV Kenya Join Our Telegram channel: www.telegram.me/NTVNewsRush
Views: 640 NTV Kenya
VIETNAM: The Vietnam-Singapore Industrial Parks are concrete symbols of the excellent economic cooperation between Singapore and Vietnam. Making the point at the groundbreaking ceremony of the fifth joint industrial park in central Vietnam on Friday was Singapore's Prime Minister Lee Hsien Loong. He was officiating at the ceremony together with his Vietnamese counterpart, Prime Minister Nguyen Tan Dung. Mr Lee said that these industrial parks bring together Vietnam's vast industrial land and manpower resources, and Singapore's experience with industrial park management and integrated urban infrastructure solutions. He added that the four VSIPs developed so far have been very successful. Mr Lee said: "Our four VSIPs have attracted more than US$6 billion of investments, with almost 500 companies employing over 140,000 workers. They have brought in US$6 million of investments per hectare, almost double the national average. "The VSIPs have also upgraded in quality. They have attracted higher value-added and capital-intensive industries such as pharmaceuticals, precision engineering, and high-end consumer products. "They have evolved from traditional industrial parks to integrated townships, offering a high-quality 'work-live-play' environment, which suits Vietnam's urbanisation needs and the changing lifestyles of the Vietnamese people. In this way, the VSIPs have played a small part in Vietnam's growth and transformation." The fifth joint industrial park's target industries include food and beverage manufacturing, electronics assembly and other light industries catering to the oil and gas and chemical sectors. Mr Lee stressed that the park, located in Quang Ngai province, will set a new standard for the quality of its infrastructure and environment. It will comprise modern factories, pleasant homes and a wholesome living environment. Mr Lee acknowledged that the existing VSIPs' success has been due to the strong support from the Vietnamese central and provincial governments. He added that the success of VSIP Quang Ngai will depend ever more critically on the support of the Vietnamese government to provide good infrastructure, clear rules and favourable incentives to encourage investments. The VSIPs also fit within the larger context of Singapore's broader relationship with Vietnam. Mr Lee explained that Singapore companies have done business in Vietnam for a long time, and hope to do more with their Vietnamese partners to jointly realise the country's vast potential. VSIP Quang Ngai is being developed by Sembcorp Development. Besides the park development, Sembcorp is also looking into the day-to-day needs of the residents of the district and a water initiative was also launched to provide clean water for over 14,000 people in the area. www.channelnewsasia.com/news/singapore/vietnam-singapore/812398.html
Views: 2211 154thmedia2013
Alexis Charitsis, Alternate Minister of Economy and Development, Greece ----------------------------------------------------------------------------------------------------- Delphi Economic Forum III: March 1-4, 2018 NEW GLOBALIZATION AND GROWTH CHALLENGES Session 28 - boosting equity for growth Boosting the equity ecosystem in order to facilitate access to finance for entrepreneurs and help them turn their ideas into concrete projects with high value added, for the direct benefit of the Greek real economy ----------------------------------------------------------------------------------------------------- Delphi Economic Forum III took place between March 1st and 4th 2018, aiming to identify the main global trends, assess their implications and review the resulting challenges and policy options confronting decision-makers of the wider Eastern Mediterranean Region. Moreover, it placed Greece’s need for structural reforms and new leadership strategies under the microscope with the aim to explore a new model of governance. ----------------------------------------------------------------------------------------------------- Subscribe At Delphi Forum Youtube: https://goo.gl/jzilQz Official website: http://www.delphiforum.gr/ Facebook: https://www.facebook.com/delphiforum Twitter: https://twitter.com/delphi_forum Linkedin: https://goo.gl/EkQcjB
Views: 24 Delphi Economic Forum
Chief Executive CY Leung: Hong Kong is perfectly positioned to ride on the tide of "re-industrialisation" - to develop high value-added innovation and technology industries. We are blessed with first-class technological infrastructure: our Internet connection speed is among the fastest in the world; our household broadband penetration rate, at 83 %, is among Asia's highest; and our mobile subscription rate, at an impressive 227 %, is among the highest in the world. Perhaps even more important, Hong Kong holds the combined advantages of "one country, two systems". As part of China, we enjoy the privileges that "one country" confers, including ready access to the vast markets of the Mainland. At the same time, Hong Kong is blessed with the benefits that come with a separate economic and social system - benefits that are available to no other city in China. In my Policy Address this year, I announced a number of new initiatives to support innovation and technology. These include a US$250 million Mid-stream Research Programme to promote translational research in our universities, as well as a US$250 million Innovation and Technology Venture Fund. The latter will invest in local technology start-ups together with venture capital funds on a matching basis. We have also earmarked US$60 million for an Innovation and Technology Fund for Better Living. It was designed to support projects that make our daily lives more pleasant, more efficient and safer - something we can all appreciate. (http://j.mp/22I6EKN)
In order to increase productivity and industrial competitiveness, Tun Dr. Mahathir said focus will be given on economic fundamentals based on innovation, creativity and high value-added activities. He said, the services sector will take on the central role in spearheading the economy. In this area, Malaysia will be rebranded as a main tourism destination with local ecotourism products to be fully utilised as tourist attraction.
Views: 15 ntv7 news
The greatest threat to the Korean economy in the years ahead is the country′s sliding exports to China. This is the assessment of investment bank Morgan Stanley，..... which projects falling outbound shipments to the world′s second－largest economy，.... will drag on Korea′s GDP. The bank says，... as Chinese firms are producing more high－value added goods like smartphones，... the country needs less from Korea. Also， with Beijing expected to export more of its goods to emerging markets，.... like Southeast Asia，... that will also eat into Seoul′s existing market share. The bank advises Korea to find new growth areas to avoid direct competition with China.
Views: 73 ARIRANG NEWS
Click "CC" for Scripts Subscribe to Arirang News! http://www.youtube.com/subscription_center?add_user=arirangnews We start things off with President Park Geun-hye's state visit to Vietnam this week... where the president met with Korean and Vietnamese businessmen in Hanoi Sunday. During talks, she stressed the need for the two countries' better cooperation in areas of nuclear plant construction, infrastructure projects and free trade. Our presidential correspondent Eoh Jin-joo , who is traveling with the president, sends us this report. President Park has emphasized the importance of the newly emerging economic bloc, which is the so-called "VIP"; V standing for Vietnam, I for Indonesia and P for the Philippines. During a dinner with Korean and Vietnamese businessmen on Sunday,... President Park said the reason she chose Vietnam as the first country among the ASEAN member nations for her overseas trip was because of her firm belief in the future the two countries will build. President Park also stressed that Korea and Vietnam should expand cooperation to higher-value added sectors,... in line with the economic development in both countries. Nuclear power plant construction was one of them. "Once cooperation in nuclear power plant construction gets started, it will not only contribute to the steady growth of the Vietnamese economy but it will also usher in a new economic era for the two countries." Earlier in the day,... President Park attended a fashion show of the two countries' traditional attire, Korea's hanbok and Vietnam's ao dai. She herself wore a hanbok with a light blue top and a lemon-colored dress... and expressed her hopes for the two nations to "cooperate in harmony" just as the two traditional costumes blend together. "I am so happy that the two countries had a precious chance to share their culture, with Vietnam's beautiful ao dai and Korea's lovely hanbok being put together on the same stage." "On Monday,... President Park is scheduled to hold bilateral talks with her Vietnamese President Truong Tan Sang... after which the two leaders are expected to adopt a joint statement for joint prosperity." As the key focus of President Park's Vietnam trip is her sales diplomacy, ... senior presidential secretary for foreign affairs Ju Chul-ki explained she will call on the Vietnamese government to support Korean companies in winning bids for nuclear power plant construction and major national infrastructure projects. She is also expected to ask Vietnam to quickly push ahead with free trade agreement negotiations and improving the business environment for investment. Eoh Jin-joo, Arirang News, Hanoi.
Views: 2135 ARIRANG NEWS
Fashion Sunglasses and Frames manufacturer - Yingchang Grou 1. Value added beyond cost savings. (economy of scale) 2. Consistency for high quality and excellent service 3. Capacity for volume orders(Daily output 50000pcs by over 2000 workers) 4. Innovation in R&D(New styles released over 1200pcs annually) 5. Reliable and committed partnerships. (24 years history)
Views: 1359 Kevin Jiang
DPI | Department of Public Information Production
Views: 211 DPI Guyana