The branch of economics, categorized as a social science, primarily focuses on the complex processes behind the production, distribution and consumption of various goods or services. The term itself originates from the Greek words “oikos” and “nomos”, meaning house and law.
One of the commonly accepted definitions of economics is the one given by Lionel Charles Robbins (1898 – 1984), a British economist and head of the economics department at the London School of Economics. He states that “Economics is a science which studies human behavior as a relationship between ends and scarce means which have alternative uses”.
The primary purpose of the documentaries and video materials compiled in this category is to show you how the world of economics works. From micro to macro business systems, there are a number of systems in which the rules of economics are applied.
With the growing complexity of business systems and the manner in which business is being conducted worldwide, there is also an ever growing demand for the economical apparatus to accompany those systems.
Now, let us focus on the practical examples of the development and function of the economics in everyday life; the causes, assets and results of the application of the above mentioned science.
Enjoy the tour across Canada and see the experiences of two volunteers at the organic farms and the position of the small scale farming compared to the large scale ones crucial for the economy of the country.
Watch the documentary on the economical manufacturing collapse in Detroit and see the consequences if it. Discover will the people of Detroit succeed in their final attempt to recover from this disaster and restore the economical stability this great city one had.
Find out the horrible truth behind the manufacturing one of the most popular products in the world. The chocolate that is being consumed every day worldwide hides an awful secret that the public was made aware of in 2001; the workforce on the cocoa farms in the Ivory Coast is mainly consisted of African children who are victims of slavery, trafficking and various other forms of abuse.
Escondida produces more than 1 million tons of copper per year, which is about 5% of the global production. That is even more than the entire copper produced in Zambia, a country well known of its cop...
Facebook announced it will launch its own cryptocurrency, Libra, in the first half of 2020. How will it affect the market of cryptocurrencies?
According to a poll, Americans say you need an annual income of about $100,000 to be considered rich. In the poll, Americans said that if you earn $90,000 per year, you are considered “neither rich ...
These days, most of the universities of economics and business in the world teach their students about the origin of economy related to Adam Smith, John Maynard Keynes, Karl Marx, Milton Friedman, and...
More than 40% of the total gold mined in the world has come from Basin, South Africa
The country made a couple of changes. Here is a quick breakdown of how Australia managed to turn things around using a couple of economic and finance reforms in the 1980s. Can modern politicians make ...
The G20 is an acronym that stands for a group of 20. The G20 is a group of 19 countries plus the European Union, trying to work the world economy. The G20 was founded in 1999, with aim to discuss poli...
Bitcoin was founded in 2009, but it didn’t really became popular up until 2013. Nowadays, Bitcoin is more valuable than some companies like McDonalds, Goldman Sachs, IBM, Nike, and Disney
Fort Knox was originally opened in 1937 as a depository for gold. Nowadays, the building is one of the most secured places, if not the most secured places in the world
From the outside, Huaxi is dubbed as a socialist village. But on the inside, it is actually a capitalist corporation, managed by Wu and his sons, and with 2,000 shareholders that live comfortably off...
In May he celebrated his 32nd birthday, and he had some 44 billion reasons to celebrate. That is right, his net worth is estimated at $44.6 billion
Conspiracy theories have been trying with years to prove that the Illuminati and the New World Order are deeply involved with politics
This list takes in account only the yearly salary of people in the banking industry for 2015. Let’s see how well are they paid
Many of the world's currencies derive their name from silver coins and gold coins used back in the days
The biggest leak journalists ever worked for included 2.6 terabytes of data, or more than 11 million documents
Some of their characteristics are team-orientation, hanging together to socialize and date, working well in groups and rarely preferring individual endeavors. They expect structure at the workplace, a...
Now at age 100, David is the oldest living member of the organization. He is also the oldest living member of the Rockefellers, a family that has financial inputs in many industries and areas
The group attempted several assassinations on Hitler, but the biggest one was on July 20, 1944. The assassination is known as Operation Valkyrie
According to statistics, Germany has accepted the largest number of seekers when compared to all other European countries
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