Money, investment, savings: the oil for economic wheels
Direct trade is good for small, introductory examples, but real economies run on more finely grained money. Trace how money is earned, spent, saved, invested, spent some more, and grows in the process.
Outstanding lectures so far, thank you. Please continue.
The basics of Western economics are not taught, at least not often, to students in (still Communist) China and India, and immigrants are sometimes baffled by market manipulations, loans, leases, and so forth. Even technical young people, in computer-related industries and IT, often lack the backgrounds in basic Econ to, e.g., understand their mortgages, margin accounts at brokerages, and investments in general.
Rick Landau
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Thank you Rick! We are hoping that our videos make some of these topics easier to understand.
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matthew green commented
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