Channel: EconClips

Category: Education

Tags: trade balanceimports and exportsecon clipscompetetive advantageaustrian school of economicseconclipsmarket specializationjob specializationtrade with richer countriescomparative advantagefree tradework specializationdivision of labourfree marketforeign tradefree market exchangespecialisttrade with poorer countriescapitalismaustrian economicsfree exchangeinternational tradeabsolute advantageopportunity cost

Description: Division of Labor and Comparative Advantage - How hard would it be for one man to live if he had to do everything by himself? Very. Thats why we need the division of labour and free trade. Learn Austrian Economics in a fun way! LINKS BLOG: econclips.com/division-labor-free-trade-comparative-advantage ANIMATIONS: toin.pl/en SUPPORT our project: bit.ly/2fgJR9e Visit our website: econclips.com Like our Facebook page: bit.ly/1XoU4QV Subscribe to our YouTube channel: bit.ly/1PrEhxG ★★★★★★★★★★★★★★★★★★★★★★★★★★ Music on CC license: Kevin MacLeod: Home Base Groove – na licencji Creative Commons Attribution (creativecommons.org/licenses/by/4.0/) Źródło: incompetech.com/music/royalty-free/index.html?isrc=USUAN1100563 Wykonawca: incompetech.com Audionautix: Feels Good 2 B – na licencji Creative Commons Attribution (creativecommons.org/licenses/by/4.0/) Wykonawca: audionautix.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!