In this video, we discuss how markets link people and places all over the world. We’ll take a look at production and consumption markets and, importantly, the role that prices play in it all. Following up on our example of a rose, we take a look at other global products such as the Apple iPhone. Where is the iPhone made? It’s produced by thousands of people all over the world, working in cooperation in order to make one product that many of us enjoy. Join us as we observe the invisible hand in action.
Microeconomics Course: http://bit.ly/20VablY
Next video: http://bit.ly/1Ovab5a
Help us caption & translate this video!
http://amara.org/v/GGJP/
Continue this lesson in the app
Install CourseHive on Android or iOS to keep learning while you move.
