Search results “Limited resources factors of production”
Factors of Production (Resources)
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: 149833 Economics Mafia
Three Types of Economic Resources: Factors of Production
This video introduces the three types of economic resources including: natural, human and capital resources. Enjoy learning about these three factors of production.
Views: 79993 Alex Lamon
Economics with Mr. Jones: Factors of Production
This video was created for high school Economics students or members of the general public who are interested in learning more about the factors of production. This video was created using Adobe Premiere Pro along with green screen technology. STUDENT QUESTIONS: 1. What are the four factors of production? 2. How might a society be limited by the factors of production? 3. Should the government be allowed to intervene in the free market in order to make judgements on who gets to control the land (natural resources) of the nation? 4. If you were going to open a bakery, what would you need in order to produce goods and services (at least one idea from each of the four factors)?
Views: 7024 Jones EdTech 533
Limited Resources Theatre: Big Adventure
So, you want to make an adaptation of one of your all time favorite movies, but you don't have a the skill or opinions to do so. - created at http://goanimate.com/
Views: 97 HCShannon
Factors of Production
Factors of Production #GcseBusiness #GcseBusinessRevision
Economics Factors of production
Factors of production. Labour, land and capital
Views: 414 david hopcroft
What Scarcity?
What Scarcity? [2/10] by openlectures Scarcity arises because there are limited resources but unlimited wants. -- ^^^ SUBSCRIBE above for more quick lectures! ^^^ VISIT openlectures: http://openlectures.org ABOUT openlectures: http://openlectures.org/team FOLLOW openlectures: FB - http://facebook.com/OpenLectures
Views: 1337 openlectures sg
3 economic questions, 4 factors of production, 2 generic strategies in management, marketing
The video reveals must-know theories on how to start a business, which are consistent with the courses in economics and management taught at universities. 1. All businesses must respond to 3 basic economic questions: What? For whom? And How? They must decide what to produce, how to produce and how to promote their products among the target consumers given limited resources. 2. Businesses must decide what will make their goods or services different from those offered by competitors, in other words, what their competitive advantage will be. They have to pursue either cost leadership strategy or differentiation strategy. 3. In order to craft their marketing strategy, businesses have to perform the following 3 steps: Market Segmentation - Targeting - Positioning. 4. Businesses must define the optimal mix of limited inputs. In economics, they are known as 4 factors of production: land, labour, capital and entrepreneurship. The text version can be found here: https://topmanagementtips.wordpress.com/2019/02/01/basic-academic-course-for-managers/
Views: 44 Mond Management
Council For Trade Development And Promotion Meeting Indian exporters are facing tough competition globally, particularly MSMEs who have limited resources. States have indeed an important role to play in India’s exports as all factors of production lies with the State. Exporters are now required to pay taxes and subsequently claim refund under GST. Secondly, electricity duty being levied by some States are presently not refundable and thus has to be absorbed in the export price.  Exports are price sensitive and most of exports are being done on a razor thin margins. There is a need to enhance the visibility of Indian products abroad. lack of facilities at local level for a particular export product does add to transaction cost and time.
The Market. How producers and consumers react to price incentives.
Transcript: Before we go on to understand demand and supply, let’s see what makes up a market. Specifically, a competitive market. First, we need to have buyers. Then, sellers. In a competitive market, we have lots of buyers buying the same thing. And lots of sellers selling the same thing. Let’s assume that we are all selfish bastards, we only care about ourselves and our own gains. How do we, as buyers, think? We have limited budgets, so we want the best bargains to stretch our dollar. At $2, er… 1 apple is enough. But if the price drops to $1, we’ll get more apples, perhaps 3. Suppose, we are the sellers. How do we maximize our gains? Fertilizers, labor and land all cost money. Better sell these apples at the highest price possible. At low prices, we’ll say, forget it man. At high prices, say at $4, we’ll rush to sell as many apples as possible. So how do buyers really think? If you like this video, remember to like and subscribe. Next up: factors affecting demand _____________________________________________________ What makes up a market? Let's be more specific, what makes up a competitive market? A perfectly competitive market consists of many similar buyers/consumers and many similar sellers/producers. This means there are no dominant players so everyone is a price taker. No one has the ability to set price. Hence, in a free market, at a given price, each producer has to decide to produce or not to produce; each consumer has to decide to buy or not to buy. Every choice involves an opportunity cost or a trade-off. This is also called the invisible hand, a term coined by Adam Smith. Surprisingly, the free market works quite well in most cases and allows resources to be allocated efficiently.
Views: 6291 Economics Mafia
Scarcity and Choice
Scarcity and choice are important in economics because there would be no economy if there was no scarcity (limitation in resources) and no choice as to how these resources would be used. Explanation: Scarcity and choice are the founding blocks of the story of economics. Scarcity in economics refers to limited resources against unlimited wants. Choice is the alternative between them. Economics deals with the study of human behavior and how humans allocate their limited resources (scarcity) with their unlimited wants. Since we have limited resources, we usually have to choose one option (choice) and forgo the other. This phenomenon is called "opportunity cost" . Our wants change when we consume more of one particular option, Its value diminishes and we start preferring some other option. This is called 'utility' or 'diminishing utility' as a progressive term.
Views: 203 Tiến Đạt Vũ
Chang-Tai Hsieh: Resource misallocation & productive growth
Chang-Tai Hsieh, IGC steering group member, explains why some firms are more successful than others, using Indian firms as a case study.
(1/3) The Production Possibilities Frontier – Economic Lowdown, Ep. 8
This segment uses the fictional economy of Econ Isle to discuss how limited resources result in a scarcity problem for the economy. Econ Isle’s production possibilities are graphed to show its frontier, and then used to discuss the opportunity costs of its production and consumption decisions. Instructors, learn more at https://www.stlouisfed.org/education/economic-lowdown-video-series/episode-8-production-possibilities-frontier/scarcity-opportunity-cost
Labor Markets and Minimum Wage: Crash Course Economics #28
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: 550900 CrashCourse
Limiting Factors in an Ecosystem
Limiting Factors in an ecosystemAny biotic or abiotic factor that restricts the number or production of organisms is a limiting factor. Take this ecosystem found in the fishbowl The limiting factors would be the size of the bowl, amount of water, will limit the number of fish that can survive in the fishbowl Limiting factors can be dependent limiting factors and independent factors Dependent limiting factors depend on the number of organisms For example, the amount of food available for each organism depends on the number of organisms An independent limiting factors does not depend on the number of organisms. For example, the amount of rainfall does not depend on the number of organisms You also have Density-Dependent Factors A limiting factor that depends on population size is called a density-dependent limiting factor. Density-dependent limiting factors include: • competition • predation • parasitism • disease Here is a list of abiotic limiting factors Sunlight Climate Temperature Water Space Soil chemistry Fire Natural disasters Biotic factors limiting factors Number of plants Number animals Amount of competition Number of decomposers parasites Disease causing agents
Top 10 RESOURCES You Had No Idea We’re RUNNING OUT Of
Like it or not, resources are finite. If we don’t use them carefully, we’ll run out. But while we’ve all heard the scary stories about peak oil, we’re guessing you had no idea that we’re running the risk of hitting peak banana. →Subscribe for new videos every day! https://www.youtube.com/user/toptenznet?sub_confirmation=1 Help us translate our videos: https://www.youtube.com/timedtext_cs_queue?msg=10&tab=0 - Learn more why you might want to help: https://support.google.com/youtube/answer/6052538 Find more lists at: http://www.toptenz.net Entertaining and educational top 10 lists from TopTenzNet! Subscribe to our Facebook: https://www.facebook.com/TopTenz/ Business inquiries to [email protected] Other TopTenz Videos: What Would Happen WITHOUT FROGS in the World https://youtu.be/RyHWy0LURJU?list=PLQ4d2-ByGhnL72IcdJzPXC7DNyxk9KA6K Top 10 Things That Would Happen if Every Couple Had Just ONE CHILD https://youtu.be/yMe4uqyiOdk?list=PLQ4d2-ByGhnL72IcdJzPXC7DNyxk9KA6K Text version: http://www.toptenz.net/10-resources-you-had-no-idea-were-running-out-of.php Coming up: 10. Bananas 9. New Music 8. Wine 7. Helium 6. Honey Bees 5. Medical Isotopes 4. Caviar 3. Sardines 2. Antibiotics 1. Sand Source/Further reading: http://qz.com/164029/tropical-race-4-global-banana-industry-is-killing-the-worlds-favorite-fruit/ http://www.promusa.org/Tropical+race+4+-+TR4 https://www.youtube.com/watch?v=DAcjV60RnRw#t=130 http://www.egopont.com/hearing_tests.php http://www.thedrinksbusiness.com/2014/10/global-wine-production-set-to-drop-in-2014/ http://scienceblogs.com/startswithabang/2012/12/12/why-the-world-will-run-out-of-helium/ http://topics.blogs.nytimes.com/2008/04/11/honey-bees-a-history/?_r=1 http://www.cbc.ca/news/health/the-made-in-canada-isotope-shortage-facing-medical-scans-1.2652667 http://www.cbsnews.com/news/caviar-shortage-no-fish-tale/ http://enenews.com/theyre-all-gone-shock-as-sardines-vanish-off-california-fishermen-didnt-find-a-single-one-all-summer-scientist-this-is-about-the-entire-pacific-coast-noaa-the-young http://www.theatlantic.com/magazine/archive/2014/03/were-running-out-of-antibiotics/357573/ http://www.nytimes.com/2014/11/05/opinion/why-sand-is-disappearing.html https://upload.wikimedia.org/wikipedia/commons/thumb/7/73/Map-Latin_America.svg/2000px-Map-Latin_America.svg.png http://www.toptenz.net/wp-content/uploads/2015/04/resourcevanish1.jpeg https://www.youtube.com/watch?v=DheDd8J1IUE&t=234s http://maxpixel.freegreatpicture.com/static/photo/1x/Fruit-Banana-Eat-Child-Children-Cute-Funny-2138531.jpg https://upload.wikimedia.org/wikipedia/commons/thumb/9/92/Korg_RK-100s_Keytar_-_Head_-_2014_NAMM_Show.jpg/1024px-Korg_RK-100s_Keytar_-_Head_-_2014_NAMM_Show.jpg https://upload.wikimedia.org/wikipedia/commons/b/b0/CSIRO_ScienceImage_4626_Irrigation_channels_in_a_vineyard_at_Griffith_NSW_1989.jpg https://upload.wikimedia.org/wikipedia/commons/4/47/Xianning-fields-9731.jpg https://upload.wikimedia.org/wikipedia/commons/thumb/2/2d/Helium.svg/2000px-Helium.svg.png http://geology.com/articles/helium/uses-of-helium.gif https://upload.wikimedia.org/wikipedia/commons/8/8a/Crude_Helium_Enrichment_Unit.jpg http://www.alomarcenter.com/img/portfolio/P6.jpg http://www.toptenz.net/wp-content/uploads/2015/04/resourcevanish5.jpg https://upload.wikimedia.org/wikipedia/commons/3/3c/AncientEgyptianRelief-BeeHieroglyph-ROM.png https://upload.wikimedia.org/wikipedia/commons/6/6a/Possible_causes_of_Colony_Collapse_Disorder.png http://www.toptenz.net/wp-content/uploads/2014/06/Bee.jpg https://c1.staticflickr.com/3/2289/2327501747_5d44940229_b.jpg https://upload.wikimedia.org/wikipedia/commons/7/77/Tc99minjektion.jpg https://upload.wikimedia.org/wikipedia/commons/thumb/2/2c/Electron_shell_043_technetium.png/936px-Electron_shell_043_technetium.png http://www.toptenz.net/wp-content/uploads/2015/04/resourcevanish6.jpg http://www.toptenz.net/wp-content/uploads/2015/04/resourcevanish7.jpg
Views: 208928 TopTenz
How to manage limited resources as a small business
Here I am talking about the resources that are available to you as a business and how to manage them. Managing resources as a small or new business takes a lot of forethought and planning. Learn to save your limited time, people and money resources. OTHER PLACES TO FIND ME Facebook: https://www.facebook.com/bukkyolaleyepage Twitter: https://twitter.com/bukkyolaleye Instagram: https://www.instagram.com/bukkyolaleye Pinterest: https://uk.pinterest.com/bukkyolaleye Linkedin: https://www.linkedin.com/in/bukkyolaleye Welcome to my YouTube channel! I’ll be sharing start up, productivity, branding and other business building resources and videos so you can be more effective and efficient. Learn how to improve your productivity and use the information here to manage your business and be more successful. Look for tools, tips, how- to's and Q & A for all parts of your business Discover more at www.bukkyolaleye.com About I work with entrepreneurs to develop powerful and effective strategies so they can achieve their business goals LAUNCH YOUR NEW BUSINESS: You have high level skill, knowledge or passion, you want to create a business around it, and you want to make profit....I want to help YOU launch your new business. 'Package your expertise' using your skills, knowledge or passion and make profit!
Views: 15 Bukky Olaleye
Microeconomics - Lecture 01a
economics, economic perspective, scarcity, choices, decision, economic decisions, action, human action, purposeful behavior, trade-off, opportunity cost, opportunities, alternatives, utility, marginal analysis, marginal benefit, marginal cost, cost-benefit analysis, theories, economic theories, expectations, models, economic models, microeconomics, macroeconomics, international economics, households, household behavior, decision-making, profits, managerial economics, economizing, economizing problem, factors of production, land, labor, capital, real capital, financial capital, human capital, limited income, waste, efficiency, unlimited wants, society's economizing problem, social resources, entrepreneurial skills, production, production possibilities, production possibilities table, production possibilities frontier, production possibilities curve, social choice.
Views: 10420 Krassimir Petrov
What is Economics?
Economics Introduction. #inzica Economics is the science that deals with production, exchange and consumption of various commodities in economic systems. It shows how scarce resources can be used to increase wealth and human welfare. The central focus of economics is on scarcity of resources and choices among their alternative uses. The resources or inputs available to produce goods are limited or scarce. This scarcity induces people to make choices among alternatives, and the knowledge of economics is used to compare the alternatives for choosing the best among them. For example, a farmer can grow paddy, sugarcane, banana, cotton etc. in his garden land. But he has to choose a crop depending upon the availability of irrigation water. Two major factors are responsible for the emergence of economic problems. They are: i) the existence of unlimited human wants and ii) the scarcity of available resources. The numerous human wants are to be satisfied through the scarce resources available in nature. Economics deals with how the numerous human wants are to be satisfied with limited resources. Thus, the science of economics centres on want - effort - satisfaction. Economics not only covers the decision making behaviour of individuals but also the macro variables of economies like national income, public finance, international trade and so on Wealth Definition Adam smith (1723 - 1790), in his book “An Inquiry into Nature and Causes of Wealth of Nations” (1776) defined economics as the science of wealth. He explained how a nation’s wealth is created. He considered that the individual in the society wants to promote only his own gain and in this, he is led by an “invisible hand” to promote the interests of the society though he has no real intention to promote the society’s interests. Economic choices – opportunity cost We are constantly faced with choices. It may be a matter of limited time. For example, at the weekend: • We could spend 8 hours working in a cafe at the Minimum Wage of ₹ 8000 • Or we could spend 8 hours studying for our A – Levels. • Alternatively, we could choose to spend 8 hours of leisure (sleeping in, Facebook etc.) Each choice has an opportunity cost. The opportunity cost of earning ₹8000 is that we don’t have time to study. This could lead to poorer exam results, which could lead to lower future earning potential. Choosing to maximise our income in the short term (earning ₹ 266.66 a day) may reduce our lifetime earnings and could be a poor decision – unless working in a cafe doesn’t affect our future earnings. We may feel job experience more useful than an essay on allocative efficiency. The problem is that when making decisions about whether to study, work or pursue leisure, we may forget or ignore long-term effects. Deciding to spend all our free time earning ₹8000 is something we may regret later in life. Economists suggest education is a merit good – meaning people may underestimate the benefits of studying. Under-consumption of education is an example of market failure. Considering opportunity cost can help us make better decisions. If we act on instinct, we may choose the most pleasurable or easiest course of action, but the best decision in the short term may not be best in long term.
Views: 50 Inzica
Allocation of Scarce Resources
Richard Demme outlines some resources that were and still are scarce in the medical field.
Views: 724 schwertieman
Resource Allocation
8 ways the government can allocate scarce resources
Views: 2834 Krista Homakie
Economic Development Unit:  Sources of Economic Growth
Your IB Economics Course Companion! This is video 2 of 6 videos in “The Economic Development Series”. Watch the entire series right here: https://www.youtube.com/playlist?list=PLNI2Up0JUWkEhlr-c4dpa1xqQf-Sq2BXv The List! Here is the “The List” for “The Economic Development Series”: For an explanation of the logic of “The Lists” click here: https://youtu.be/dE0fbsgXlFE What is economic development? Sources of economic growth 1. Natural factors 2. Human capital factors 3. Physical capital and technological factors 4. Institutional factors Does economic growth lead to economic development? 1. Higher incomes 2. Improved economic indicators of welfare 3. Higher government revenues 4. Creation of inequality 5. Negative externalities and lack of sustainability Common characteristics of developing countries 1. Low standard of living, low incomes, inequality, poor health, and inadequate education 2. Low levels of productivity 3. High rates of population growth and dependency burdens (child and old age ratios) 4. High and rising levels of unemployment and underemployment 5. Substantial dependence on agricultural production and primary market exports 6. Prevalence of imperfect markets and limited information 7. Dominance, dependence, and vulnerability in international relations Diversity among developing nations 1. Resource endowment 2. Historical background 3. Geographic and demographic factors 4. Ethnic and religious breakdown 5. The structure of industry 6. Per capita income levels 7. Political structure International development goals 1. Goal 1: Eradicate extreme poverty and hunger 2. Goal 2: Achieve universal primary education 3. Goal 3: Promote gender equality and empower women 4. Goal 4: Reduce child mortality 5. Goal 5: Improve maternal health 6. Goal 6: Combat HIV/AIDS, malaria, and other diseases 7. Goal 7: Ensure environmental sustainability 8. Goal 8: Develop a Global Partnership for Development I hope you find these videos helpful to your study of Economics. Enjoy! Brad Cartwright . Follow on Twitter: IB Specific News and Analysis Daily! https://twitter.com/econ_ib . Follow on Instagram: https://www.instagram.com/econcoursecompanion/ Support Econ Course Companion: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=CQS377QG4VM4G&source=url
Views: 11588 Econ Course Companion
Economics Unit 2 Class 1 Factors of Production By Mukim Sir
Economic resources are used to produce goods and services and are in limited supply. This unit explores the key characteristics of the factors of influences on their supply and also discusses the mobility of this factor.
Factors That Affect the Rate of Photosynthesis | Biology for All | FuseSchool
Photosynthesis is a chemical reaction that is fundamental to life. In this video we are going to have a look at the factors that affect the rate of photosynthesis. There are 3 main factors: light intensity, carbon dioxide concentration and also temperature. These factors are called limiting factors. Light is essential for photosynthesis, as it provides the energy to split the water and therefore enable carbon dioxide and water to react. No light, no photosynthesis. Increasing the light intensity, increases the rate of photosynthesis… until a point, when the rate is at it’s maximum. In fact, plants spread out their leaves to maximise the amount of light falling on them, and to ensure the lower leaves are not shaded by the ones above. Some woodland plants are known as shade plants because they can photosynthesis more efficiently in dim light than other species. If there is insufficient carbon dioxide in the air, then photosynthesis cannot occur at the maximum rate. Light intensity and carbon dioxide concentration are both obvious limiting factors, as they are both inputs into the reaction. However, just like us, plants are sensitive to temperature too. Too hot and they cannot photosynthesise. Too cold and their productivity slows down to zero. This is because there are enzymes involved in photosynthesis, and so above 40 degrees celsius the enzymes start to denature and so the rate of photosynthesis slows down. And then as it gets colder, the enzymes move around more slowly and hence the rate of reaction drops. Different types of plants have different optimum temperatures for photosynthesis; plants that live in colder climates have an optimum rate at a lower temperature. These are the three main limiting factors, however there are some others such as chlorophyll concentration, water and pollution. Farmers and horticulturists can use the knowledge of these limiting factors to increase crop growth in greenhouses. They can use artificial lights to extend the daylight hours or increase the light intensity, they can increase the concentration of carbon dioxide by burning paraffin lamps, and they can control the temperature inside the greenhouse. Unsurprisingly, many crops such as tomatoes and lettuces give much higher yields when grown in greenhouses. Another fantastic bonus of photosynthesis is that because it needs carbon dioxide, we can pump waste carbon dioxide from our factories straight into greenhouses. SUBSCRIBE to the FuseSchool YouTube channel for many more educational videos. Our teachers and animators come together to make fun & easy-to-understand videos in Chemistry, Biology, Physics, Maths & ICT. VISIT us at www.fuseschool.org, where all of our videos are carefully organised into topics and specific orders, and to see what else we have on offer. Comment, like and share with other learners. You can both ask and answer questions, and teachers will get back to you. These videos can be used in a flipped classroom model or as a revision aid. Find all of our Chemistry videos here: https://www.youtube.com/watch?v=cRnpKjHpFyg&list=PLW0gavSzhMlReKGMVfUt6YuNQsO0bqSMV Find all of our Biology videos here: https://www.youtube.com/watch?v=tjkHzEVcyrE&list=PLW0gavSzhMlQYSpKryVcEr3ERup5SxHl0 Find all of our Maths videos here: https://www.youtube.com/watch?v=hJq_cdz_L00&list=PLW0gavSzhMlTyWKCgW1616v3fIywogoZQ Twitter: https://twitter.com/fuseSchool Access a deeper Learning Experience in the FuseSchool platform and app: www.fuseschool.org Follow us: http://www.youtube.com/fuseschool Friend us: http://www.facebook.com/fuseschool This Open Educational Resource is free of charge, under a Creative Commons License: Attribution-NonCommercial CC BY-NC ( View License Deed: http://creativecommons.org/licenses/by-nc/4.0/ ). You are allowed to download the video for nonprofit, educational use. If you would like to modify the video, please contact us: [email protected]
Production Possibilities Curve- Econ 1.1
In this video I explain how the production possibilities curve (PPC) shows scarcity, trade-offs, opportunity cost, and efficiency. This is the first graph you are going to learn in your economics class. Thanks for watching. Please subscribe. If you need more help, check out the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji
Views: 1137702 Jacob Clifford
Global Economy Expected to Grow 3% in 2019 Despite Risks - World Economic Situation and Prospects
Speakers: Mr. Elliott Harris, UN Chief Economist and Assistant Secretary-General for Economic Development and Dawn Holland, Chief, Global Economic Monitoring Branch, Economic Analysis and Policy Division, Department of Economic and Social Affairs (EPAD/DESA). The World Economic Situation and Prospects (WESP) report is a joint product of the United Nations Department of Economic and Social Affairs (UN/DESA), the United Nations Conference on Trade and Development (UNCTAD) and the five United Nations regional commissions (Economic Commission for Africa (ECA), Economic Commission for Europe (ECE), Economic Commission for Latin America and the Caribbean (ECLAC), Economic and Social Commission for Asia and the Pacific (ESCAP) and Economic and Social Commission for Western Asia (ESCWA)). WESP Report website: https://www.un.org/development/desa/dpad/document_gem/global-economic-monitoring-unit/world-economic-situation-and-prospects-wesp-report/ UN Chief Economist Elliott Harris said while global economic growth remained on a fairly steady trajectory in 2019, “the world economy is faced with a confluence of rising risks with the potential to severely disrupt economic activity and inflict significant damage on longer term development prospects.” Harris spoke to reporters in New York today (21 Jan) on the findings of the UN’s annual World Economic Situation and Prospects report (WESP). The report projected that economic activity was expected to expand at a steady pace of three percent and found that unemployment rates had dropped to historic lows in many countries. However, Harris said a closer look beneath the surface reveals significant issues with the foundations and quality of global economic growth. He said growth is “uneven, and it is often failing to reach the countries and the groups where it is most needed” with per capita incomes expected to “stagnate or grow only marginally in 2019 in several parts of Africa, Western Asia, and Latin America and the Caribbean.” He said international trading tensions escalated, particularly between the United States and China, while public and private debt has risen to historic highs. The Chief Economist said while adverse effects have been largely contained, these factors cast a shadow over the economic outlook for 2019 and beyond. Elliott Harris, UN Chief Economist and Assistant Secretary-General for Economic Development: “In the case of a downturn in global economic activity, policy makers around the world will struggle to react forcefully because monetary and fiscal space in many countries is now much more limited than it was at the outbreak of the global financial and economic crisis a decade ago. And, given the waning support for multilateral approaches, coordinated action in response to the shock, or any shock, similar to the response to the global financial crisis may be more difficult to achieve.” Harris said long-term challenges such as climate change “have now become increasingly short-term risks.” He added, “In recent years, we have seen an increasing number of extreme weather events that have had a particularly damaging effect on vulnerable countries, including many Least Developed Countries and Small Island Developing States; building resilience by supporting the most vulnerable countries to invest in climate- resilient infrastructure, is as important as rebuilding after a disaster.” The Chief Economist underscored that the “essential transition” towards sustainable consumption and production patterns globally was “simply not happening fast enough.” He said economies remained far too dependent on carbon, energy, and the use of resources and stressed the need to “to delink economic growth from environmental degradation and this means shifting our resources away from investments in the old brown technologies towards investments in new, more resource-efficient and low-carbon technologies.” Harris emphasized that global problems could only be confronted through collective action, adding that a withdrawal from multilateralism would further set back those who are already being left behind. He said, “Some countries are doing reasonably well, but other are not. By the same token, income levels are varying across the world. Inequality has risen within countries. And what we see happening is more and more people are registering dissatisfaction with the outcomes of our global system, without having their policy makers explain to them what actually is going on. And so that frustration then makes for a growing readiness to, let’s say, be receptive, if you will, to nationalist arguments saying ‘let’s do what is best for us individually, as a country, as a nation’; rather than the support for the multilateral approach that we have seen over the past 40 years. And we think that that is a real problem, because it does undermine the ability of the world to deal with some of our global problems in a collective manner.”
Views: 1324 United Nations
The Market Revolution: Crash Course US History #12
In which John Green teaches you about the Market Revolution. In the first half of the 19th century, the way people lived and worked in the United States changed drastically. At play was the classic (if anything in a 30 year old nation can be called classic) American struggle between the Jeffersonian ideal of individuals sustaining themselves on small farms vs. the Hamiltonian vision of an economy based on manufacturing and trade. I'll give you one guess who won. Too late! It was Hamilton, which is why if you live in the United States, you probably live in a city, and are unlikely to be a farmer. Please resist the urge to comment about this if you live in the country and/or are a farmer. Your anecdotal experience doesn't change the fact that most people live in cities. In the early 19th century, new technologies in transportation and communication helped remake the economic system of the country. Railroads and telegraphs changed the way people moved goods and information around. The long and short of it is, the Market Revolution meant that people now went somewhere to work rather than working at home. Often, that somewhere was a factory where they worked for an hourly wage rather than getting paid for the volume of goods they manufactured. This shift in the way people work has repercussions in our daily lives right down to today. Watch as John teaches you how the Market Revolution sowed the seeds of change in the way Americans thought about the roles of women, slavery, and labor rights. Also, check out high school John wearing his Academic Decathalon medals. Support CrashCourse on Patreon: https://www.patreon.com/crashcourse Hey teachers and students - Check out CommonLit's free collection of reading passages and curriculum resources to learn more about the events of this episode. As America invested in its market economy, certain transcendentalists resisted the rise of production and consumerism over individual freedoms, including Henry David Thoreau in his book Walden: https://www.commonlit.org/texts/excerpt-from-walden Ralph Waldo Emerson promoted transcendental values as well in his essay “Self-Reliance”: https://www.commonlit.org/texts/excerpt-from-self-reliance
Views: 2002452 CrashCourse
PWN Global Webinar: Entrepreneurs - How To Cultivate Your Business With Creative Resource Managemen
One of the keys to entrepreneurial success is optimizing limited resources to take advantage of identified business opportunities. This Webinar walks through how to do just that and gives concrete examples based on the case study of the hosts business over the past ten years. Tahminae Madani, Financial Services Entrepreneur and Olivier Basso, Professor of Entrepreneurship, offer you excellent insights into this topic that can help your business thrive. PWN Global is a dynamic fast-growing offline and online networking and leadership development platform for professional women of all sectors and industries. With over 3,500 members and more than 90 nationalities, our volunteer-led organisation delivers over 600 events a year in our community of 24 city networks. We welcome you to our events; as a mentor or mentee; to explore our rich knowledge and resources; to learn, grow and leave your legacy, whilst volunteering across the Federation and our City Networks. Want to become a member of PWN Global ? Join us here: https://www.pwnglobal.net/join-us/individual-member.html
Views: 94 PWNGlobal
Three Methods of Resource Allocation : Economics Homework Help by Classof1.com
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: 5940 classof1homeworkhelp
Dr.Forbes Microeconomics Q1 Ric Flair Micro
Microeconomics Quarter 1 Project By: Luke Graziano, Sammy Spingola, Drew Papp, Eli Stockman Drew: First i'm going to say this very very solemn Scarcity is a fundamental economic problem Resources will never match the amount you’ll be wanting I know this sounds kinda daunting Since resources will always be finite It is hard to get to an amount that is just right In the limited nature of our reality The scarcest resource is our mortality. Eli: Factors of Production, inputs needed to produce Just like fruits are used for juice Opportunity Cost goes hand in hand with decision It's not the same as cost there is a division When we think of cost we think of the monetary price It is important we understand this precise Opportunity Cost is what we could have bought instead Make sure you get this difference in your head Drew: The next word in this explanation Marginal Analysis is an examination of the additional benefits to the cost of an activity It helps you understand its productivity Production Possibility curves is a representation Of two goods and their relation It is used to find the advantage In business, you need it to manage Sammy: Absolute is when you make more It's like when you make more metal from the same ore When its comparative you give up less If you still don't get it do not stress Utility is just satisfaction It's the quantity of our reaction If you like dairy and get a lot of cheeses That is an example of a product that pleases Luke: Supply and Demand are two important lines Supply goes up and demands declines They are relationships between price and quantity It goes with supply and price is contrary Demand has them both follow Learning this can be hard to swallow Sammy: Equilibrium is the ideal situation No one can be better off or can change location The market is always trying to be patched You know its done when Supply and Demand are matched When supply is over demand you have a surplus This puts producers in a big fuss While demand over supply is a shortage Its when people can’t buy enough Kia Sportage Eli: Government comes in and affect the market It creates a price floor, with no carpet The floor is the lowest price for which a good is sold This is one way to keep the market controlled While the ceiling allows people to buy By not allowing prices to get too high Quotas are meant to limit the production Licences are the way they add an obstruction
Views: 111 Luke Graziano
Economic Development Unit:  Common Characteristics of Developing Countries
Your IB Economics Course Companion! This is video 4 of 6 videos in “The Economic Development Series”. Watch the entire series right here: https://www.youtube.com/playlist?list=PLNI2Up0JUWkEhlr-c4dpa1xqQf-Sq2BXv The List! Here is the “The List” for “The Economic Development Series”: For an explanation of the logic of “The Lists” click here: https://youtu.be/dE0fbsgXlFE What is economic development? Sources of economic growth 1. Natural factors 2. Human capital factors 3. Physical capital and technological factors 4. Institutional factors Does economic growth lead to economic development? 1. Higher incomes 2. Improved economic indicators of welfare 3. Higher government revenues 4. Creation of inequality 5. Negative externalities and lack of sustainability Common characteristics of developing countries 1. Low standard of living, low incomes, inequality, poor health, and inadequate education 2. Low levels of productivity 3. High rates of population growth and dependency burdens (child and old age ratios) 4. High and rising levels of unemployment and underemployment 5. Substantial dependence on agricultural production and primary market exports 6. Prevalence of imperfect markets and limited information 7. Dominance, dependence, and vulnerability in international relations Diversity among developing nations 1. Resource endowment 2. Historical background 3. Geographic and demographic factors 4. Ethnic and religious breakdown 5. The structure of industry 6. Per capita income levels 7. Political structure International development goals 1. Goal 1: Eradicate extreme poverty and hunger 2. Goal 2: Achieve universal primary education 3. Goal 3: Promote gender equality and empower women 4. Goal 4: Reduce child mortality 5. Goal 5: Improve maternal health 6. Goal 6: Combat HIV/AIDS, malaria, and other diseases 7. Goal 7: Ensure environmental sustainability 8. Goal 8: Develop a Global Partnership for Development I hope you find these videos helpful to your study of Economics. Enjoy! Brad Cartwright . Follow on Twitter: IB Specific News and Analysis Daily! https://twitter.com/econ_ib . Follow on Instagram: https://www.instagram.com/econcoursecompanion/ Support Econ Course Companion: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=CQS377QG4VM4G&source=url
Views: 20792 Econ Course Companion
Soils & climate
Soil is the living base for agricultural and forestry production and a limited resource which cannot be renewed at the human scale. Increasingly, land is in demand and there is tension between different land uses. Changes in production practices, ploughing up of grassland, loss of arable and wooded land for urbanisation, increased use of biomass...There are so many changes which, if not taken into account, could affect soil quality and lower soil carbon stocks See also the ADEME brochure “Organic carbon in soils, meeting climate change and food security challenges”: http://www.ademe.fr/organic-carbon-in-soils-meeting-climate-change-and-food-security-challenges ADEME/ImageClé©
Views: 3457 ademe
Monday Musings: THE FUTURE! Post-Scarcity & Less Focus on Money
In this week's Monday Musings with ZiggyD I talk about the future and how we might move beyond a capitalist based economy. I muse on things like post-scarcity, basic income and what factors motivate people to create awesome things. Accelerando (Singularity): http://www.amazon.com/gp/product/0441014151/ref=as_li_ss_tl?ie=UTF8&camp=1789&creative=390957&creativeASIN=0441014151&linkCode=as2&tag=zig06-20 I recommend you check out http://reddit.com/r/futurology if you are interested in topics like this! What is Post Scarcity? - http://en.wikipedia.org/wiki/Post-scarcity_economy - Scarcity is the economic problem of having needs and wants that exceed limited resources. - Post Scarcity is when raw materials cost very little if anything & production is automated. - Some things are already post scarcity, like information. - Arbitrary scarcity is often applied to these things like limited time offers or simply selling information as if it were scarce. Unconditional Basic Income - http://en.wikipedia.org/wiki/Basic_income - A base level of money that is given to every citizen without condition. - Paid for by replacing the costs of current welfare systems or by replacing direct bank funding with indirect bank funding. - Removing the pressure of 'earning a living' allows people to instead work on whatever they like or are best suited to. What Motivates People to Create - Autonomy - Mastery - Not Money ... take money away from the thoughts of a creator and they will be more productive. - Here are some interesting studies on Motivation: http://blog.ted.com/2013/04/10/what-motivates-us-at-work-7-fascinating-studies-that-give-insights/ Here's how I Muse the future will advance beyond Capitalism: - More and More jobs are taken over by automation - Unconditional Basic income starts to become a necessity - A lot of basic needs and wants move into post scarcity - A lot of people gain autonomy - Overall Society is more productive when they are allowed to produce whatever they want. For some people this will be nothing but instead of working to earn a living other people will create things that benefit humanity.
Views: 1074 ZiggyD Gaming
Small Business Resources | Strategy for Small Businesses
Small Business Resources | Strategy for Small Businesses Contact Edwin Dearborn at 714-300-9566 Strategic resources are the building blocks of competitive advantage in business. Three standard company resources that combine to create competitive advantage are a company's financial strength, its enterprise knowledge and its workforce. If financial resources are weak, the company is not able to produce enough to grow. Without enterprise knowledge such as proprietary processes or patents, the company cannot differentiate itself from its competition. Without a skilled workforce, the operations and management of the company is inefficient. Competitive Advantage Competitive advantage results from the combination of a company's resources with its capabilities. When these are optimally combined, they produce either a price-based competitive advantage or a differentiation-based advantage. When resources are used optimally, the company is likely to be operating at peak efficiency. This efficiency either creates a lower cost of producing a product or differentiates the company product by superior quality, enhanced availability or greater brand awareness. Competitive advantage is particularly important in small business where the competition is intense for a larger share of a limited marketplace. Financial Resources In small business, obtaining bank funding can be difficult. A company that has sufficient revenue to support the development of new products and revenue streams has a significant advantage over one that must finance every project. When such a company needs funding for a large project, it has the credit quality to make the task of finding funding somewhat easier than competing companies that carry a higher debt load. A strong financial position allows a company to take advantage of opportunities that arise, which contributes to its competitive advantage. Human Capital In a small business, management can't make mistakes or the company will flounder and possibly fail. Competitive advantage doesn't depend on good management alone, though. The workforce must be skilled, loyal to the company and stable. A company that is always looking to replace key workers spends valuable time training new hires. This presents significant opportunity cost as production slows to enable the new hires to develop the skill to work at peak production.
Views: 17 Edwin Dearborn
Agricultural Water Management 101
Agricultural Water Management 101, by Prinsco, a family owned company innovating to impact agricultural efficiency since 1975. This presentation will take you through the basics of effective water management in an agricultural application, how it works and why it has the potential to dramatically improve crop health and productivity. www.prinsco.com
Views: 60458 Prinsco Inc
Welcome To Economics!
Welcome to my first educational video on economics! What is economics? A broad definition of economics is based on one provided by the economist, Lionel Robbins: ‘Economics is the science which studies human behaviour as a relationship between ends (unlimited wants) and scarce means (resources) which have alternative uses’. This definition recognizes that the basic economic problem is that people have unlimited wants, but the world possesses limited resources with which to satisfy those wants. As a consequence, individuals, organizations, countries and the world as a whole, all suffer from scarcity. The definition notes that economics is a science that studies human behaviour – in other words, it is a social science. Help Me Get A Better Setup Donate To Me: https://www.paypal.me/geeksquadgaming ►►--------------- STAY ACTIVE FOR A FOLLOW ---------------◄◄ ✔ https://www.instagram.com/rasat_yt/ ✔ https://www.youtube.com/channel/UC-hGF8k3cuVINV9KyEdqNeA ✔ Twitter: https://twitter.com/Rasat_yt Yo guys! First of all thank you SO much for watching, it would be great if you could leave a like rating as it motivates me to keep creating content for you all! Also if you are new then please hit that subscribe button to join #TeamRasat! Finally, if you have any questions, feedback or just general comments then be sure to leave it in the comment section below! Shop through Amazon and support Rasat: UK: http://amzn.to/2dI4RW9 USA: http://amzn.to/2eQHPsr Get Cheap Games from here: https://www.g2a.com/r/user-gsg Grow Your YouTube Channel: https://sellfy.com/p/uPbO/ YouTube Setup UK: HP 15.6 Inch Laptop: http://amzn.to/2ffbsb5 Auna Mic 900B: http://amzn.to/2ffbI9X Elgato HD60: http://amzn.to/2dI39nN Pop Filter: http://amzn.to/2eRgKGT Mic Arm Stand: http://amzn.to/2dI3uac YouTube Setup USA: HP 15.6 Inch Laptop: http://amzn.to/2eQH3M3 MXL 770 Cardioid Condenser Microphone: http://amzn.to/2eao8vK Elgato HD60: http://amzn.to/2f735zc Pop Filter: http://amzn.to/2dWaDSI Mic Arm Stand: http://amzn.to/2dWdr2n DISCLAIMER: This video and description contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This help support the channel and allows us to continue to make videos like this. Thank you for the support!
Views: 820 Rasat
Tea, Taxes, and The American Revolution: Crash Course World History #28
In which John Green teaches you about the American Revolution and the American Revolutionary War, which it turns out were two different things. John goes over the issues and events that precipitated rebellion in Britain's American colonies, and he also explores the ideas that laid the groundwork for the new American democracy. Find out how the tax bill from the Seven Years War fomented an uprising, how the Enlightenment influenced the Founding Fathers, and who were the winners and losers in this conflict.(hint: many of the people living in the Colonies ended up losers) The Revolution purportedly brought freedom and equality to the Thirteen Colonies, but they weren't equally distributed. Also, you'll learn about America's love affair with commemorative ceramics and what happens when rich white guys take the reins from reins white guys, and put together a society of, by, and for rich white guys. Crash Course World History is now available on DVD! http://store.dftba.com/products/crashcourse-world-history-the-complete-series-dvd-set Follow us! @thecrashcourse @realjohngreen @raoulmeyer @crashcoursestan @saysdanica @thoughtbubbler Like us! ‪http://www.facebook.com/youtubecrashcourse Follow us again! ‪http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse
Views: 3672189 CrashCourse
🚗 🏡 🏖 Why Can't We Have Everything We Want? | Scarcity and Choice
Why can't we have everything we want? We have limitless goals, and scarce means. So we have to choose which needs are most urgent. Learn Austrian Economics in a fun way! LINKS SUPPORT our project: http://bit.ly/2fgJR9e Visit our website: http://econclips.com/ Like our Facebook page: http://bit.ly/1XoU4QV Subscribe to our YouTube channel: http://bit.ly/1PrEhxG ★★★★★★★★★★★★★★★★★★★★★★★★★★ Music on CC license: Kevin MacLeod: Home Base Groove – na licencji Creative Commons Attribution (https://creativecommons.org/licenses/...) Źródło: http://incompetech.com/music/royalty-... Wykonawca: http://incompetech.com/ ★★★★★★★★★★★★★★★★★★★★★★★★★★ Econ Clips is an economic blog. Our objetive is teaching economics through easy to watch animated films. We talk about variety of subjects such as economy, finance, money, investing, monetary systems, financial markets, financial institutions, cental banks and so on. With us You can learn how to acquire wealth and make good financial decisions. How to be better at managing your personal finance. How to avoid a Ponzi Scheme and other financial frauds or fall into a credit trap. If You want to know how the economy really works, how to understand and protect yourself from inflation or economic collapse - join us on econclips.com. Learn Austrian Economics in a fun way!
Views: 8326 EconClips
Gilded Age Politics:Crash Course US History #26
You can directly support Crash Course at http://www.subbable.com/crashcourse Subscribe for as little as $0 to keep up with everything we're doing. Also, if you can afford to pay a little every month, it really helps keep the channel producing great content. In which John Green teaches you about the Gilded Age and its politics. What, you may ask, is the Gilded Age? The term comes from a book by Mark Twain and Charles Dudley Warner titled, "The Gilded Age." You may see a pattern emerging here. It started in the 1870s and continued on until the turn of the 20th century. The era is called Gilded because of the massive inequality that existed in the United States. Gilded Age politics were marked by a number of phenomenons, most of them having to do with corruption. On the local and state level, political machines wielded enormous power. John gets into details about the most famous political machine, Tammany Hall. Tammany Hall ran New York City for a long, long time, notably under Boss Tweed. Graft, kickbacks, and voter fraud were rampant, but not just at the local level. Ulysses S. Grant ran one of the most scandalous presidential administrations in U.S. history, and John will tell you about two of the best known scandals, the Credit Mobilier scandal and the Whiskey Ring. There were a few attempts at reform during this time, notably the Civil Service Act of 1883 and the Sherman Anti-trust act of 1890. John will also get into the Grange Movement of the western farmers, and the Populist Party that arose from that movement. The Populists, who threw in their lot with William Jennings Bryan, never managed to get it together and win a presidency, and they faded after 1896. Which brings us to the Progressive Era, which we'll get into next week! Hey teachers and students - Check out CommonLit's free collection of reading passages and curriculum resources to learn more about the events of this episode. The Gilded Age was marked by the success of the richest coupled with inequality and corruption. Repeated factory disasters, such as the triangle shirtwaist factory fire revealed the unsafe working conditions of the urban poor: https://www.commonlit.org/texts/the-triangle-shirtwaist-factory-fire Meanwhile, workers began to join unions and strike for better working conditions: https://www.commonlit.org/texts/the-coeur-d-alene-miners-uprising Like us: facebook.com/youtubecrashcourse Follow Us! @TheCrashCourse @realjohngreen @crashcoursestan @raoulmeyer @thoughtbubbler @br8dybrunch
Views: 2062493 CrashCourse
"Doing the Best That You Can With What You Have: Limited Resources and Research Ethics" Part 2/2
Presidential Colloquium talk by Dr. Cindy Pury, Professor, Department of Psychology, Clemson University and Alice Brawley, PhD candidate, Department of Psychology, Clemson University. Cindy Pury is the administrator for the Human Participants Research Pool. Her research focuses primarily on courage and situational affordances, and has been published in numerous scholarly journals. She is also an Associate Editor for the Journal of Positive Psychology and she co-edited The Psychology of Courage: Modern Research on an Ancient Virtue (American Psychological Association Books) with Shane Lopez. Alice Brawley is a Ph.D. candidate in industrial-organizational psychology. She received her M.S. in Applied Psychology at Clemson in 2014. Her research focuses on unusual work experiences and worker populations as well as quantitative methods in organizational psychology. Alice has special interests in the ethical treatment and study of workers in novel and understudied populations, such as individuals working on crowdsourcing platforms. She recently published research that examined factors affecting crowdsourced workers’ job satisfaction and turnover and best and worst practices for the managers in these settings. In her methodological research, she evaluates the empirical performance of statistical tests and psychometric properties of psychological measures to ensure that both are used to make correct inferences in research. Her work has been published in various outlets and presented at conferences of the Society of Industrial-Organizational Psychology, Society of Occupational Health Psychology, Psychometric Society, and Southeastern Psychological Association. Alice has taught a number of courses in research methods and statistics, and she was the recipient of the Graduate Teaching Assistant Excellence Award for Clemson’s College of Business and Behavioral Science in 2015. Date of talk: April 5, 2016
Views: 58 Rutland Institute
Mineral Resource Estimation Conference: Andreas Brosig (07.10.18)
Mineral potential mapping and resource estimation in 2D and 3D with Artificial Neural Networks Artificial Neural Networks (ANN) are well suited to analyze geoscientific data, since they can cope with incomplete, patchy or noisy data. Application of ANN has been limited by the lack of software that handles the “translation” of different data sets to ANN-readable data, the training and application of the ANN itself and the evaluation of the model output. These aspects are covered by the advangeo® Prediction Software. The “translation” tools are classification of linear features according to their size, type and direction, as well as classification of rocks according to their chemical and physical properties, ages and connection to tectonic events. “Halos of influence” are created around the features to consider the spatial uncertainty of data and reflect distances to important minerogenic factors. For gridded data such as geochemical and geophysical fields derivatives and gradients are calculated. The introduction of a knowledge component allows creating hybrid models that are able to consider known dependencies and regularities. This approach increases the sharpness of the prediction accuracy considerably. Calculation results can be verified by different methods, including error curves, distribution analysis, cross validation and field verification. The importance of the different model input data can be analysed by several methods that calculate the sum of the weights that originate from a specific data layer. Depending on the available data, 2D or 3D prognoses can be calculated with qualitative (favourability) or quantitative (e.g. grades, tonnage per grid cell) parameters. The limiting factor is that the ANN requires training data of the same type as the prognosticated value. Thus, in poorly explored areas, mineral potential maps based on known mineralisations could be created. In developed mining districts, a 3D prognosis of ore tonnages per volume element could be created based on known resource blocks and the production data of mined-out areas. Because of the long mining history and the large amount of geological, geochemical, geophysical and mineral data, the Erzgebirge (East Germany) was selected as a test case. Since the 12th century, the Erzgebirge has been an important centre of metal mineral mining, especially for Ag, Fe, Cu, Sn, W and later U. The developed 3D model covers an area of 9500 sqkm to a depth of 3000 m below sea level, providing an excellent framework for predictive mapping of minerals mineable in the near future. It focuses on the ore controlling litho-stratigraphic and tectonic framework with detailed consideration of intrusives and the close integration of known Sn and W occurrences, modelled using data either from literature or provided by exploration companies. Key to predictive modelling is the creation of separate models according to the genetic types of deposits (e.g. Sn in skarns or pneumatolytic veins) to fully account for the different geological factors controlling different types of ore genesis. Currently, a qualitative 3D mineral potential model for Sn exists for a 1600 sqkm subarea. Quantitative 2D predictions for Sn and W in a 740 sqkm subarea confirm older predictive models where they exist and extend predictions of ore tonnages to new areas.
Views: 83 GeologicalSociety
Specialization and Trade: Crash Course Economics #2
In which Adriene Hill and Jacob Clifford teach you about specialization and trade, and how countries decide whether they're going to make stuff or trade for stuff. You'll learn about things like comparative advantage, the production possibilities frontier and how to make pizza! 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: Sarah M. FROM: Anthony M. "Making our own history awesome! Happy 3 year Anniversary!" TO: Everyone FROM: Someone "The earth is but one country, and mankind its citizens." 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: Nathanial R. Castronovo, Eefje Savelkoul, Nupur Maheshwari, Jacob J., Dominik Steenken, Shai Belfer, Stefan Bjerring Henriksen James Kribs, Hugo Jobly, Tim Eramo 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: 1629922 CrashCourse
micro economics
Microeconomics Microeconomics (from Greek prefix mikro- meaning "small") is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources. Demand, supply, and equilibrium. Supply and demand is an economic model of price determination in a perfectly competitive market. It concludes that in a perfectly competitive market with no externalities, per unit taxes, or price controls, the unit price for a particular good is the price at which the quantity demanded by consumers equals the quantity supplied by producers. This price results in a stable economic equilibrium. Measurement of elasticities Elasticity is the measurement of how responsive an economic variable is to a change in another variable. Elasticity can be quantified as the ratio of the percentage change in one variable to the percentage change in another variable, when the later variable has a causal influence on the former. Consumer demand theory relates preferences for the consumption of both goods and services to the consumption expenditures; ultimately, this relationship between preferences and consumption expenditures is used to relate preferences to consumer demand curves. Production theory is the study of production, or the economic process of converting inputs into outputs. Production production The cost-of-production theory of value states that the price of an object or condition is determined by the sum of the cost of the resources that went into making it. Perfect competition describes markets such that no participants are large enough to have the market power to set the price of a homogeneous product. Monopoly A monopoly (from Greek monos μόνος (alone or single) + polein πωλεῖν (to sell)) exists when a single company is the only supplier of a particular commodity. Oligopoly An oligopoly is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). Market structure The market structure can have several types of interacting market systems. Different forms of markets is a feature of capitalism and advocates of socialism often criticize markets and aim to substitute markets with economic planning to varying degrees. Competition is the regulatory mechanism of the market system. Game theory Game theory is a major method used in mathematical economics and business for modeling competing behaviors of interacting agents. The term "game" here implies the study of any strategic interaction between people. Labour economics Labour economics seeks to understand the functioning and dynamics of the markets for wage labour. Labour markets function through the interaction of workers and employers. Welfare economics Welfare economics is a branch of economics that uses microeconomics techniques to evaluate well-being from allocation of productive factors as to desirability and economic efficiency within an economy, often relative to competitive general equilibrium. Economics of information Information economics or the economics of information is a branch of microeconomic theory that studies how information and information systems affect an economy and economic decisions. Information has special characteristics. It is easy to create but hard to trust. It is easy to spread but hard to control. It influences many decisions. uses resources to create a good or service that is suitable for use, gift-giving in a gift economy, or exchange in a market economy.
Views: 22 M muneeb kamran
Bamboo Industry Development Project in the Dominican Republic
For the environmental sustainability, the Government of the Dominican Republic prohibits the felling of trees and aims to boost bamboo utilization as a supplement for wood. Its bamboo industry is small scale and involves primary processing operations only. The sale of bamboo products has been very limited, since there are few manufacturers and most of the products are traditional handmade furniture. On the other hand, the Dominican Republic lacks a state policy for the development of the bamboo industry. Therefore, it is expected the project will increase the supply of bamboo material, and transform bamboo crafts into industrial production via technological transfer. Besides, this project shall foster a friendly policy environment to encourage bamboo utilization in daily life as well as with a cultural twist, which will in turn enhance the revenue and the quality of life of small farmers in rural areas. The appraisal mission indicates that the main challenge lies in the lack of coordination among the value chains of the bamboo industry. A well-rounded strategy, addressing issues such as materials, crafts, design and marketing, is missing, which leads to the deficiencies in product design, quality management, pricing, marketing and expansion of distribution channel. Although the manufacturing techniques regarding basic bamboo furniture are well developed, the enterprises are unable to enhance the added value due to the lack of design and technique capabilities. In summary, the Dominican Republic lacks sufficient supply of raw materials necessary for industrial development, the size of artisanal manufacturers is also limited, and government institutions also lack the capacity to provide advisory services. All these factors explain why the enterprises fail to reach the threshold for mass production.
Views: 644 TaiwanICDF國合會
Applying Sustainability in Business: Two Major Rules (CIPS and EFMD business education video)
If you were asked by your employer to begin a profitable sustainability program at 09:00 hrs on Monday morning, would you know what to do? This scenario is not unrealistic. Up to 90% or more of the resources made available for human consumption are often wasted due to negligent practices and inefficiencies in business operations (e.g.: harvesting materials, product design, supply chain logistics, production and distribution) – all of which leads to increases in pollution and further competition for the world’s limited resource supplies, not to mention guaranteed escalations in future costs (these costs include the expense of disposing physical waste, which has increased more than 400% over a ten year period). But enough of the talk! This video examines two basic sustainability rules that are necessary to get started and take action. It also explains why recycling is not what it's cracked up to be - and gives directions to those seeking further free information about sustainability and the circular economy. Examples detailed in the free book mentioned at the end of the video include a subsidiary of the DuPont corporation, which achieved a goal of zero-waste to landfill, generated $2.2-billion in new revenue, and reduced production costs by over $400,000. Meanwhile, General Electric reduced its annual costs by $100-million, generated an increase of $17-billion in yearly revenues, and eliminated 30% of its greenhouse gas emissions… and the world’s largest manufacturer of carpet tiles (Interface) began eliminating its waste and using discarded materials to make new products. As a result, during the first five years of its commitment to do better, the company tripled its revenues, doubled its profits, doubled employment and saw the value of its stock price increase 550%.
Views: 1566 managementeducations
Strengthening Climate Information and Early Warning Systems in Cambodia
Cambodia is facing mounting development challenges due to climate change. Longer dry seasons and shorter, more intense rainy seasons are resulting in increased frequency and severity of floods and droughts. Recovery from such events stretches limited public resources and forces shifts in development priorities. At the same time, climate change is impacting agricultural production, affecting household level income and putting pressure on food security. The purpose of an early warning system is to monitor climate and environmental data on a real-time basis, detect adverse trends and make reliable predictions of possible impacts in the form of early warning information. Financed by the Least Developed Countries Fund, the project ‘Strengthening Climate Information and Early Warning Systems in Cambodia’ is a multi-year initiative supporting the Royal Government of Cambodia to advance climate information and early warning systems. Among the key activities of the project is installing and re-activating existing Automatic Weather and Agrometeorological Stations and Automatic Hydrological Stations across the country and the provision of climate bulletins for farmers. Learn more about the project at http://www.kh.undp.org/content/cambodia/en/home/operations/projects/build-resilience/early-warning-systems.html
What Is The Definition Of Microeconomics?
Macroeconomics definition & example. In 1936, john maynard keynes. Microeconomics is primarily concerned with the factors that affect individual economic microeconomics (from greek prefix mikro meaning 'small') a branch of economics studies behavior individuals and firms in making decisions regarding allocation scarce resources interactions among these learn about few most popular topics are typically studied field, such as supply demand, opportunity how people deal money, time. Microeconomics definition of microeconomics in english. Before we dive into the principles of microeconomics, need to define some major ideas that lie at heart economics. Course econ101 principles of microeconomics saylor academy. Microeconomics definition of microeconomics by the free dictionary. Meaning and definition of microeconomics. 16 jun 2013 definition microeconomics is the study of individuals, households and firms' behavior in decision making and allocation of resources. The study of how businesses, households, and individuals within an economy allocate limited resources microeconomics meaning, definition, what is the economic problems businesses people way particular parts. What is microeconomics? Definition & topics video lesson microeconomics definition wikibooks, open books for an worlddefinition of by merriam webstermicroeconomics dictionary and macroeconomics notes on meaning discussed!. Oxford economic theories macro and micro economics brown consultancymicroeconomics introduction basic concepts slideshare. Basic microeconomic issues scarcity, efficiency and alternative uses of resources 1. What, for example, is the great depression and its resulting high unemployment rate greatly influenced development of macroeconomics. Definition of 'microeconomics' the economic timeswhat is microeconomics? and meaning microeconomics wikipedia. Definition of 'microeconomics' the economic timeswhat is microeconomics? Definition and meaning microeconomics wikipedia. Thus, microeconomics means n. Link cite add to word listthe definition of microeconomics is the study how all elements in an 4 feb 2013 readers question could you differentiate between micro economics and macro economics? Microeconomics particular markets, it analysis economy's constituent households, firms industries. Micro is a greek word meaning 'small'. Microeconomics meaning in the cambridge english dictionary. Microeconomics deals with the individual aspect of it while macroeconomics define microeconomics study economic decisions and actions people, companies, etc 18 feb 2013 is a branch economics that focuses on behaviour agents as opposed to macroeconomics, which studies definition, dealing particular aspects an economy, price cost relationship firmplay. It generally applies to markets of goods and services deals with individual economic issues microeconomics is the study tendencies, or what likely happen specific human activities are considered in a 'means ends' framework behavior units an econo
What Is Sustainability?
This video provides a basic definition of sustainability. You’ve probably heard the term “sustainability” in some context or another. It is likely that you’ve used some product or service that was labeled as sustainable, or perhaps you are aware of a campus or civic organization that focuses on sustainability. You may recognize that sustainability has to do with preserving or maintaining resources—we often associate sustainability with things like recycling, using renewable energy sources like solar and wind power, and preserving natural spaces like rainforests and coral reefs. However, unless you have an inherent interest in sustainability, you probably haven’t thought much about what the term actually means. Simply put, sustainability is the capacity to endure or continue. If a product or activity is sustainable, it can be reused, recycled, or repeated in some way because it has not exhausted all of the resources or energy required to create it. Sustainability can be broadly defined as the ability of something to maintain itself. Biological systems such as wetlands or forests are good examples of sustainability since they remain diverse and productive over long periods of time. Seen in this way, sustainability has to do with preserving resources and energy over the long term rather than exhausting them quickly to meet short-term needs or goals. The term sustainability first appeared in forestry studies in Germany in the 1800s, when forest overseers began to manage timber harvesting for continued use as a resource. In 1804, German forestry researcher Georg Hartig described sustainability as “utilizing forests to the greatest possible extent, but still in a way that future generations will have as much benefit as the living generation” (Schmutzenhofer 1992). While our current definitions are quite different and much expanded from Hartig’s, sustainability still accounts for the need to preserve natural spaces, to use resources wisely, and to maintain them in an equitable manner for all human beings, both now and in the future. Sustainability seeks new ways of addressing the relationship between societal growth and environmental degradation, which would allow human societies and economies to grow without destroying or overexploiting the environment or ecosystems in which those societies exist. The most widely quoted definition of sustainability comes from the Brundtland Commission of the United Nations in 1987, which defined sustainability as meeting “the needs of the present without compromising the ability of future generations to meet their own needs.” But sustainability is about more than just the economic benefits of recycling materials and resources. While the economic factors are important, sustainability also accounts for the social and environmental consequences of human activity. This concept is referred to as the “three pillars of sustainability,” which asserts that true sustainability depends upon three interlocking factors: environmental preservation, social equity, and economic viability. First, sustainable human activities must protect the earth’s environment. Second, people and communities must be treated fairly and equally—particularly in regard to eradicating global poverty and the environmental exploitation of poor countries and communities. And third, sustainability must be economically feasible—human development depends upon the long-term production, use, and management of resources as part of a global economy. Only when all three of these pillars are incorporated can an activity or enterprise be described as sustainable. Some describe this three-part model as: Planet, People and Profit. From pollution, to resource depletion, to loss of biodiversity, to climate change, a growing human footprint is evident. This is not sustainable. We need to act differently if the world and its human and non-human inhabitants are to thrive in the future. Sustainability is about how we can preserve the earth and ensure the continued survival and nourishment of future generations. You and everyone you know will be affected in some way by the choices our society makes in the future regarding the earth and its resources. In fact, your very life may well depend upon those choices. For more information about sustainability, see: http://www.macmillanhighered.com/Catalog/product/sustainability-firstedition-weisser This video is available under a Creative Commons Attribution license.
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