Channel: EconClips

Category: Education

Tags: econ clipswhy people earn more in developed countriesaustrian school of economicseconclipsdifferences in wageswhy wages differaccumulation of capitalcapitalismaustrian economicswork efficiencyfree marketopportunity cost

Description: Why Wages Differ Between Countries? Why person doing the same job earns more in one country than in the other country? Learn Austrian Economics in a fun way! LINKS BLOG: econclips.com/why-wages-differ-between-countries-2-main-factors ANIMATIONS: toin.pl/en Opportunity Cost ▶ econclips.com/opportunity-cost-the-road-not-taken Supply and Demand ▶ econclips.com/supply-and-demand 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 00:00 Why there are differences in wages between countries? 00:22 Why is work more efficient in some counties? 03:00 How opportunity cost can raise wages? 06:15 Summary ★★★★★★★★★★★★★★★★★★★★★★★★★★ Music on CC license: Kevin MacLeod: Home Base Groove – na licencji Creative Commons Attribution (creativecommons.org/licenses/...) Źródło: incompetech.com/music/royalty-... Wykonawca: incompetech.com ★★★★★★★★★★★★★★★★★★★★★★★★★★ Econ Clips is an economic blog. Our objective is teaching economics through easy to watch animated films. We talk about variety of subjects such as economy, finance, inflation, money, investing, monetary systems, financial markets, financial institutions, cental banks, wealth, financial crises and business cycles. If you want to know how the economy works and understand why it works this way - join us on econclips.com and learn Austrian Economics in a fun way!