#3 Economy Explained Simply. How It Really Work...
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#3 Economy Explained Simply. How It Really Work...
In this video, we explain the economy in simple words. You’ll learn how production and consumption form a cycle, what the main factors of production are (capital, labor, land, technology, and energy), and how they affect people’s lives. We also examine inflation, GDP, social programs, and human capital to illustrate how economies grow or ...
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