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.
The economy of North Korea is a centrally planned economy, following Juche, where the role of market allocation schemes is limited, although increasing.You might be asking, how is it possible that Nor...
Nike is one of the most recognized brands in the world. It continues to surpass rivals like Adidas and Under Armor, despite controversy and slowing sales growth in U.S.How did Nike become the giant it...
Solar energy is any type of energy generated by the sun. It is created by nuclear fusion that takes place in the sun. Fusion occurs when protons of hydrogen atoms violently collide in the sun’s core...
It is the largest heavy load transport on earth! The maiden voyage of the biggest containership of all times. It is the largest heavy load transport on earth!When the first ship of the brand-new OOCL-...
Since leaving the EU, UK has been on a downhill. There have been several prime ministers trying to salvage the situation. Rishi Sunak is the latest in the least.The country’s budget can trace its or...
Toys have always been part of our lives. They have remained among the most popular items. Toys bring revenue of billions. It is no wonder every major company is trying to sell more toys.In this docume...
This documentary takes us to South Africa and Zimbabwe and shows how southern Africans gradually came to grasp the destruction and suffering that would be inflicted upon them by wh...
Hong Kong, officially the Hong Kong Special Administrative Region of the People's Republic of China, is a city and special administrative region of China on the eastern Pearl River...
A supply chain is a network of individuals and companies who are involved in a creating a product and delivering it to the customer.It begins with the sourcing of raw materials, wh...
A growing debt crisis, dwindling forex reserves and soaring inflation have pushed Pakistan to the brink of an economic disaster.These were some of the factors which contributed to ...
Sri Lanka, formerly known as Ceylon and officially the Democratic Socialist Republic of Sri Lanka, is an island country in South Asia. It lies in the Indian Ocean, southwest of the...
The New York Times examine how the credit card industry became pervasive, lucrative, and politically powerful.Millions of American families use their personal, general-purpose cred...
Life is about choice. What we eat, what we read, who we elect; every day we make choices that determine how we want to live.But what if these choices are just an illusion? In an er...
Anil Ambani was once a wealthy businessman, now he is not. His investments were once worth more than $7 billion. That was back in 2012.At one point, he was also the sixth richest p...
This documentary from 2012 takes a look at the 2008 financial crisis. In 2008 the world experienced one of the greatest financial turmoils in modern history.Markets around the worl...
When you think of extreme jobs, of what do you think? What is the scariest thing you have heard someone do for money?Well, some of these jobs might not come to your mind at all. Th...
Europe and most of the world are currently going through one of the worst inflations following World War II. But if you think this is bad, here is a friendly reminder things have b...
China's middle class has developed a taste for "exotic" fruits. What's driving the massive demand and how are fruit-exporting countries bending over backwards to feed it?What are e...
Agriculture will have to change drastically in the future if it is to meet global demand. Food production will become increasingly difficult in the face of growing challenges like ...
More and more people are paying with cards or apps these days. Could COVID-19 spell the end of cash? Many people have switched to contactless payment because of fears that the coro...
The world around us is slowly and gradually changing. Cashless payments are on the rise. There are many benefits to this type of payment.Cashless payments are fast, easy and conven...
Can money and power ever make us happy? How much is enough? Our constant desire for more is part of our human nature. But is greed getting the better of us? The documentary, Greed ...
The Goldman Sachs Group, Inc., is an American multinational investment bank and financial services company headquartered in New York City. It offers services in investment manageme...
Oil was discovered in Ghana in 2007. The moment oil was discovered, the country began to dream big. They believed that the black gold would bring economic growth and prosperity to ...
During the economic crisis of 2008, many countries faced bankruptcy and financial problems. Even the big powerhouses had troubles.And in Britain, one bank could have cost the count...
Nearly 9 million people in the United States of America lost their job during the 2008 financial crisis. The economic crisis changed the country.It all started due to excessi...
When we talk about debt in the Western world, we usually talk about US students and their debt. But they are not the only one. Millennials all over the world have trouble tak...
You might think that banks are a modern day miracle. But they were here long before that. In fact, development of banking spread from northern Italy throughout the Holy Roman Emp...
Do you want to learn more and understand inflation and interest rate? Or get a better understanding of the Federal Reserves in America? Well, this documentary is what you nee...
The saying is “trade is better than aid for Africa”. This documentary explores exactly that. The journey goes through copper thieves and coppers mine barons in the north ...
In times of crisis, people seek strong leaders and simple solutions. This documentary traced the story of the economic and financial crisis. It explores the similarities with...
In the world of crypto, OneCoin is a name many hate to hear. The Ponzi Scheme ended up being a $15 billion scam. That is a lot of money.Now, some people never heard of OneCoi...
The financial crisis of 2007-2008 is also known as the global financial crisis. It was a severe worldwide economic crisis considered by many the most serious financial crisis...
When students in the US graduate, they have an average of $37172 in student loan dept. Across the country, that is about $1.5 trillion. Now that is a huge number.There is no ...
Chengdu is the capital of southwestern China’s Sichuan province. The history of the city dates back to at least the 4th century BC, when it served as the capital for the Sh...
Commodities are basic goods used in commerce that are interchangeable with other commodities of the same type. In economics, commodities are an economic good or service that ...
Since becoming a president, Donald Trump has made a point of Making America Great Again. And in his mind, that meant putting America in front of every other country. So, with...
Bernie Madoff is a former market maker, investment advisor, financier, and fraudster. He is a convicted felon, who is currently serving a federal prison sentence for offenses...
Mark Cuban is a wealthy man. In fact, his net worth is estimated $4.1 billion. And he made his money thanks to basketball. As the main investor and owner of the Dallas Maveri...
Governments all around the world are always trying to achieve that elusive dream of free trade. What is free trade? It is a trade policy that does not restrict imports or exp...
When you think about precious metals, gold is usually on top of the list. Which is why silver is often underrated. It is not easy being the second option in anything in life....
Can you be happy if you do not have money and power? Or let’s put it otherwise, how much money you need in order to be happy? How much is enough? Will you be happy if you h...
In the past several years, Linkedin has become the main source for finding jobs. When it was introduced, the social network was imagined as “business side of Facebook”. ...
This short documentary shows you how hard it is to create a documentary regarding fair trade. It is a subject that is popular, but also very limited in terms what is out ther...
We hear the word “stocks” on a daily basis. But what are stocks? Financial and economy experts understand them very well. But not all of us is an expert in finance. Som...
Blockchain is the leading software platform for digital assets. In 2017, Blockchain and bitcoin were among the most searched terms on Google. We can safely say that 2017 w...
Trading on Forex has become one of the fastest ways to become rich. Of course, you need to need to know the ins and outs of Forex trading. But there is no denying that in ...
Warren Buffet once famously said that the “stock market is a device transferring money from the impatient to the patient”. The stock market has made traders some of the...
Bitcoin and other crypto currencies are already part of the mainstream media. But they are far from being the dominant currency globally and internationally. It is safe to...
Adam Smith is widely considered the “father of economics”. It is his ideas that helped us build the economy we have today. What is interesting is that he lived in the 18t...
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