Quotulatiousness

May 28, 2015

Markets Link the World

Filed under: Economics — Tags: , , , , , — Nicholas @ 02:00

Published on 8 Feb 2015

In this video, we discuss how markets link people and places all over the world. We’ll take a look at production and consumption markets and, importantly, the role that prices play in it all. Following up on our example of a rose, we take a look at other global products such as the Apple iPhone. Where is the iPhone made? It’s produced by thousands of people all over the world, working in cooperation in order to make one product that many of us enjoy. Join us as we observe the invisible hand in action.

Related posts:

  1. Apple iPhone pricing in different markets
  2. Latest threat to world civilization
  3. Steve Jobs was not a world-leading philanthropist, thank goodness
  4. iPhone 4 – that’s the fourth one she’s had so far
  5. It’s not really about market share: that’s just keeping score

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