Here's Why Supply and Demand Is Overrated!

Here's Why Supply and Demand Is Overrated!

If you were to ask any random person on the street what it is that they knew about economics there is a pretty good chance that the first thing that they would blurt out would be the words “Supply & Demand” The number of people out there willing and able to buy a good or service versus the number of people out there willing to sell a good or service, all individually vying to get the best possible price. If demand increases prices increase, if demand falls prices fall and visa versa with supply. Now I know this channel is called Economics Explained but for most of you listening, all of this should pretty much go without saying. The only issue is that this rosy picture is in no way a reflection of the real world. So what is going on here? In this episode of Economics Explained we will explore the following questions: How are prices decided if not through supply and demand? What does this mean for regular people in the economy? How could all of this be used to make better policies and business decisions? And how does this all make the case for a zero dollar minimum wage? Learn more about your ad choices. Visit megaphone.fm/adchoices

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How Economics Has Changed Dating

How Economics Has Changed Dating

📫 3,800+ read our free newsletter that has weekly origional stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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What’s Really Behind Africa’s “Economic Miracle”

What’s Really Behind Africa’s “Economic Miracle”

📫 3,900+ read our free newsletter that has weekly original stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

6 Apr 21min

Is Degrowth the Only Answer?

Is Degrowth the Only Answer?

📫 3,000+ read our free newsletter that has weekly original stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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Why $129,000 Is the New Poor

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📫 3,100+ read our free newsletter that has weekly original stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ This video was inspired by Michael Green's article "Part 1: My Life...

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The Rise Of The Middle Powers

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Europe and the United States share the largest trade relationship in the world, worth nearly 2 trillion dollars each year, but that partnership is starting to fracture. Beneath the surface, this relat...

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Did China Just Drop The Ball On Global Dominance?

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China’s position as the world’s factory is shifting. Growth is slowing to approximately 4-5%, wages are rising, the workforce is shrinking due to an aging population, the property crisis is weighing o...

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A Short Story About Why You Cannot Buy A House

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Home ownership is now unattainable in every major city worldwide. For the first time, none of the 95 cities tracked by Demographia are considered affordable. In cities such as Hong Kong (14.4 times in...

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The $400 Trillion Problem No One Wants to Talk About

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The world’s pension promise is unraveling. In the 1950s, sixteen workers supported each retiree; today, that number has shrunk to just 2.7. This dramatic shift is straining pay-as-you-go pension syste...

17 Nov 202517min

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