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What Is Deadweight Loss?

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  • Опубликовано: 22 окт 2018
  • Deadweight loss is lost gains from trade caused by a market inefficiency.
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Комментарии • 56

  • @kikikiki8381
    @kikikiki8381 7 месяцев назад +15

    So how do I lose weight

  • @mitalikshatriya6365
    @mitalikshatriya6365 4 года назад +47

    i read several other websites before visiting this. This was the only one that made me understand.

    • @Ajeet1458
      @Ajeet1458 3 года назад

      😊 Same with me...

  • @sharifshabir5398
    @sharifshabir5398 3 года назад +11

    First time I understand economic concept like this
    Thank you dear

    • @juanlu3958
      @juanlu3958 2 года назад +1

      Go check the land value tax,the tax system without any deadweight loss

  • @adamallred7615
    @adamallred7615 4 года назад +16

    This was really helpful, thank you!

  • @nryle
    @nryle 5 лет назад +5

    Great vid, easy to follow.

  • @hanamuneer8233
    @hanamuneer8233 3 года назад +2

    I dont get it

  • @xX3laal9amtXx
    @xX3laal9amtXx 3 года назад

    احب هذي القناة لانها جعلت مادة الاقتصاد سهلة وممتعة ❤️❤️

  • @sineadamadi6204
    @sineadamadi6204 3 года назад +3

    It’s the fact that the music went silent at the exact time I understood this 😍

    • @-s9314
      @-s9314 2 года назад

      lol sameee

  • @hennymehta8484
    @hennymehta8484 2 года назад +1

    What do mean by benefit of the trip? It's satisfactory benefit?

  • @kshytyj
    @kshytyj 4 года назад +3

    Thank you. It was really helpful.

  • @megha8835
    @megha8835 3 года назад +1

    Superb 🙌🙌🙌🙏
    It was easy to catch..
    Watching at 3:30am 😬😬
    Still intersting

  • @TheRoamingPrepper
    @TheRoamingPrepper Месяц назад

    Great video. thanks for sharing

  • @user-uu3gd8eo1c
    @user-uu3gd8eo1c Год назад

    thanks for simplifying the explanation!

  • @alparslankorkmaz2964
    @alparslankorkmaz2964 3 года назад +1

    Nicely explained.

  • @nicenice8143
    @nicenice8143 Год назад +1

    Thank you, this helped a lot!

  • @sultonmamadchorshanbiev1972
    @sultonmamadchorshanbiev1972 4 года назад +1

    Thanks for good explanation!

  • @berlinkersaint815
    @berlinkersaint815 4 года назад +1

    Thank you , I finally understand

  • @jffryh
    @jffryh 5 лет назад +4

    @2:58 "negative externalities"

    • @Summerofsam
      @Summerofsam 5 лет назад +1

      Yes! I think this should have been stated in the beginning. If you don't finish the full video you might never be able to catch that information.

  • @eftiefti190
    @eftiefti190 3 года назад +1

    u explained very welll❤

  • @driip5981
    @driip5981 3 года назад

    Excellent explanation

  • @FinEconTalks
    @FinEconTalks Год назад

    Thanku

  • @sharonmusee673
    @sharonmusee673 Год назад

    Super helpful!

  • @vintjoseph7450
    @vintjoseph7450 3 года назад +1

    how can you make something so simple complicted :-P :-P ?

  • @stressedhaish69420
    @stressedhaish69420 Год назад +2

    Nero?

  • @absolomgapara174
    @absolomgapara174 Год назад

    Now thats how to explain!

  • @shakibahmed9777
    @shakibahmed9777 5 лет назад

    Thanks

  • @benjaminbauer425
    @benjaminbauer425 2 года назад

    Explanation looks incomplete to me. Lets take the bus example. But if I have 50$ but the bus cost me 60$ due to tax, they say it is not made up for in value because there is no revenue, but i will still spend it on something else (maybe i go to a restaurant instead).
    I dont study Economics, I study competition law and so Im trying to understand why monopolies are bad. Sofar I havent come across any good explanation.

  • @ThePeterDislikeShow
    @ThePeterDislikeShow 4 года назад

    Approximately how much deadweight loss is there in the economy?

  • @imrnp
    @imrnp 2 года назад

    how is there no revenue if the government gets the tax

  • @loicklepine8490
    @loicklepine8490 4 года назад +1

    Why isn't the new price 3$ ? 2$ + 1$ because of the tax?

    • @Footballpro0987
      @Footballpro0987 Год назад

      the producers decreases his profit by 50 cents and bares the 50 cent tax.

  • @tarun_235
    @tarun_235 3 года назад

    good vdo keep it up

  • @kelvinmugini6793
    @kelvinmugini6793 2 года назад

    imekaa poa sana

  • @TorySlusher
    @TorySlusher 4 года назад

    Why aren't the central banks which are all doing Nirp considered to be a deadweight loss? Serious question. I guess someone will say that they're inviolable or sacrosanct because someone created little pieces of paper (laws/exemptions) and placed them inside of fancy buildings (which grants them the rights to do these things). Simply put, better than the rest of us and therefore not held accountable for anything, ever.

  • @lucasleite694
    @lucasleite694 3 года назад

    intro music hella nostalgic

  • @doseoffaiyaz
    @doseoffaiyaz Год назад

    You lose 10 dollars worth of a trip.
    The bus driver/company loses 10 dollars worth of revenue.
    The government loses tax revenue.
    The world is worse off.

  • @thaingan6378
    @thaingan6378 4 года назад

    why trip to NY equal 1 and 0 ??

    • @justkira3242
      @justkira3242 4 года назад

      the one means that 1 trip was taken before tax. After tax, 0 trips were taken.

  • @miltonfriedmann2664
    @miltonfriedmann2664 7 месяцев назад +1

    T

  • @xxitzzcasteexx4377
    @xxitzzcasteexx4377 2 года назад

    「目標を指定してお金が必要」、

  • @CvnDqnrU
    @CvnDqnrU 4 года назад +3

    When you say "market inefficiency" you mean the government, right?

    • @videakias3000
      @videakias3000 4 года назад +4

      not necessarily,sometime market fails and government has nothing to do with it.
      government wasn't the one responsible for the video game crush of 1983

    • @CvnDqnrU
      @CvnDqnrU 4 года назад

      @@videakias3000 How's that related?

    • @videakias3000
      @videakias3000 4 года назад

      @@CvnDqnrU dammit,for a moment i thought you said market failure.
      i guess it is not related to what you said.

    • @discojohn8753
      @discojohn8753 4 года назад

      @@videakias3000 That was not a free market failure. The president of Atari was inside trading, which led to a bubble, which led to a collapse. The only reason free markets work is because nobody has the advantage. Milton Friedman famously said "You have to choose if you are pro business, or pro free market." That was a result of someone being pro business, not a free market failure.

    • @videakias3000
      @videakias3000 4 года назад

      @@discojohn8753 how was the pressident of atari responsible for the fact that there were too many consoles in the market and that many games didn't mantion in their box the name of the console that they were suppossed to play on?

  • @jzk2020
    @jzk2020 5 лет назад +9

    Can you calculate the dead-weight loss of African Americans being disenfranchised, disproportionately targeted by the prison industrial complex and generally the unwillingness of White America to invest & treat them just like they would treat their own fellow white Americans.
    Thank you.

    • @diogocoelho293
      @diogocoelho293 5 лет назад +1

      Asshole

    • @Boristien405
      @Boristien405 5 лет назад +3

      C. Lincoln - Here’s a fun fact: deadweight loss doesn’t happen without government intervention... situation is applicable here too. Government has always been the deadliest and most discriminatory organization, and people want to give it MORE value.

    • @jffryh
      @jffryh 5 лет назад +1

      negative externalities happen without government intervention

    • @Boristien405
      @Boristien405 5 лет назад

      jffryh - They can. That doesn’t mean the deadweight loss we are talking about will happen. In a perfectly competitive market, DWL is impossible. And monopolies have no history of taking form without the help of government.