Specialization and Trade: Crash Course Economics #2
In which Adriene Hill and Jacob Clifford teach you about specialization and trade, and how countries decide whether they're going to make stuff or trade for stuff. You'll learn about things...
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Adriene Hill: Hi I'm Adriene Hill. Mr. Clifford: And I'm Mr. Clifford. Welcome to Crash Course Economics. Adriene: Here at Crash Course, we recognize that difficult subjects are sometimes fraught with truly unintelligible vocabulary that's difficult for us regular people to understand. Mr. Clifford: But it doesn't have to be that complicated. Remember, economics is the study of scarcity and choices. We have limited resources, so we need a way to analyze the best way to use them. We need economics to make wise decisions in the future, but it also helps us understand the past. Adriene: Most empires, wars, and human endeavors can be explained using economics. All you have to understand is who wanted what. The American Civil War wasn't just ab...
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Adriene Hill: Hi I'm Adriene Hill. Mr. Clifford: And I'm Mr. Clifford. Welcome to Crash Course Economics. Adriene: Here at Crash Course, we recognize that difficult subjects are sometimes fraught with truly unintelligible vocabulary that's difficult for us regular people to understand. Mr. Clifford: But it doesn't have to be that complicated. Remember, economics is the study of scarcity and choices. We have limited resources, so we need a way to analyze the best way to use them. We need economics to make wise decisions in the future, but it also helps us understand the past. Adriene: Most empires, wars, and human endeavors can be explained using economics. All you have to understand is who wanted what. The American Civil War wasn't just ab...
