THE OPERATION OF AN ECONOMY
DVD
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Looks at how economic systems work: how opportunity costs lead to specialization, how specialization leads to interdependence, and how money helps interdependent specialists exchange goods and services in a circular flow. Also explained: equilibrium and disequilibrium, investment and capital accumulation, and the paradox of thrift.
Copyright | 2001 |
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Publisher | Clearvue/eav |
Grade | 8–12 |
Color | Color |
Run Time | 21 minutes |