How is it that people in snowy, chilly cities have access to beautiful, fresh roses every February on Valentine’s Day? The answer lies in how the invisible hand helps coordinate economic activity, Using the example of the rose market, this video explains how dispersed knowledge and self-interested actors lead to a global market for affordable roses.
Microeconomics Course: https://mru.io/0yl
Next video: https://mru.io/jwx
Help us caption & translate this video! http://amara.org/v/GGJN/
Continue this lesson in the app
Install CourseHive on Android or iOS to keep learning while you move.
