Economic theory
Economics is the social science that studies economic activity to gain an understanding of the processes that govern the production, distribution and consumption of goods and services in an economy.T...
Economic theory - Wikipedia
The New Service Economy | Is a new World
new modalities and innovation strategies
Milton Friedman - The Great Depression Myth
Milton Friedman explodes the myth that the Great Depression was produced by a failure of private enterprise. http://www.LibertyPen.com Source: Milton Friedman Speaks Buy it: http://www.freetochoose....
Milton Friedman - Why Tax Reform Is Impossible
Friedman explains why our tax code is enormously complex and not likely to change. Keep up with liberty issues at http://www.LibertyPen.com Source: Milton Friedman Speaks Buy it: http://www.freetocho...
Did FDR End The Great Depression?
When the Democratic Party tinkers with the economy they make it worse.
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Milton Friedman schools young Bernie Sanders about poverty
Milton is a Genius! Bernie got nothing from it and he still doesn't get it.
Milton Friedman: Inequality - Does Capitalism Benefit the Rich over the Poor?
Milton Friedman, recipient of the 1976 Nobel Prize for Economic Science, was one of the most recognizable and influential proponents of liberty and markets in the 20th century, and the leader of the C...
There has never in human history been a...
"There has never in human history been a more effective machine for eliminating poverty than the free enterprise system and the free market." -- Milton Friedman
Power of the Market - The Pencil
Milton Friedman uses a pencil to explain how the operation of the free market promotes harmony and world peace.
$1,700,000.00 PENNY. How To Check If You Have One! | US Mint Error Coins Worth BIG Money
Always be sure to check your pocket change and collectors coins carefully. There are some extremely valuable coins floating around out there! Playlist of ALL...
The perils of sudden wealth
Loneliness often follows sudden wealth
What Happens to the Coins Tossed Into Fountains?
All that money has to go somewhere. Depending on where a fountain is and who owns it, the coins collected can go to all sorts of different places—from fountain upkeep to charity or public service.
This quarter may be worth much more than you think
The year 1970 may be your lucky number. Check your pockets for a quarter made that year because it could be worth a lot of money.
Microeconomics
Microeconomics (from Greek prefix mikro- meaning "small" and economics) is a branch of economics that studies the behavior of individuals and small impacting organizations in making decisions on the a...
Microeconomics - Wikipedia
Production theory basics
Production theory is the study of production, or the economic process of converting inputs into outputs. Production uses resources to create a good or service that is suitable for use, gift-giving in...
Production theory basics - Wikipedia
Opportunity cost
In microeconomic theory, the opportunity cost of a choice is the value of the best alternative forgone, in a situation in which a choice needs to be made between several mutually exclusive alternative...
Economic efficiency
Economics is the social science that studies economic activity to gain an understanding of the processes that govern the production, distribution and consumption of goods and services in an economy.T...
Production-possibility frontier
In economics, a production–possibility frontier (PPF), sometimes called a production–possibility curve, production-possibility boundary or product transformation curve, is a graph representing product...
Division of labour
The division of labour is the specialization of cooperating individuals who perform specific tasks and roles. Because of the large amount of labour saved by giving workers specialized tasks in Indust...
Comparative advantage
The theory of comparative advantage is an economic theory about the potential gains from trade for individuals, firms, or nations that arise from differences in their factor endowments or technologica...
Gains from trade
In economics, gains from trade refers to net benefits to agents from allowing an increase in voluntary trading with each other. In technical terms, it is the increase of consumer surplus plus produ...
Supply and demand
In microeconomics, supply and demand is an economic model of price determination in a market. It concludes that in a competitive market, the unit price for a particular good will vary until it settles...
Theory of the firm
The theory of the firm consists of a number of economic theories that explain and predict the nature of the firm, company, or corporation, including its existence, behavior, structure, and relationshi...
Theory of the firm - Wikipedia
Industrial Organization
In economics, industrial organization is a field that builds on the theory of the firm by examining the structure of (and, therefore, the boundaries between) firms and markets. Industrial organization...
Business economics
Business Economics is a field in applied economics which uses economic theory and quantitative methods to analyze business enterprises and the factors contributing to the diversity of organizational s...
Business economics - Wikipedia
Managerial economics
Managerial economics is the "application of the economic concepts and economic analysis to the problems of formulating rational managerial decisions". It is sometimes referred to as business economics...
Information economics
Information economics or the economics of informationis a branch of microeconomic theory that studies how information and information systems affect an economy and economic decisions. Information has...