Ultimately, the 'Employee' makes the products, takes those products to the market, sells the same products, he made, to himself and finally he pays a fee known as Profit to some 'Owner' for a permission to own the same products he made and sold to himself. The owner gets to collect profit for doing nothing.....and many call that 'earning' instead of 'taking'. The way forward to a better society is to increase and maintain a strong minimum purchasing power of the end-consumer using the magic formula. (Magic Formula: 'Your minimum Purchasing Power' = 'minimum wage' + 'Benefits payments' - 'Cost of dignified living from cradle to grave' - 'Taxes, fees, penalties')
THis model is so fake. here is the real model. Ultimately, the 'Employee' makes the products, takes those products to the market, sells the same products, he made, to himself and finally he pays a fee known as Profit to some 'Owner' for a permission to own the same products he made and sold to himself. The owner gets to collect profit for doing nothing.....and many call that 'earning' instead of 'taking'. The way forward to a better society is to increase and maintain a strong minimum purchasing power of the end-consumer using the magic formula. (Magic Formula: 'Your minimum Purchasing Power' = 'minimum wage' + 'Benefits payments' - 'Cost of dignified living from cradle to grave' - 'Taxes, fees, penalties')
Your teaching is great! I love to watch more videos of you. I sometimes get stuck in lesson in class but I found them here. Your explanation is easy for me to catch on. Thank you very much, teacher!
This model is completely fake. Here is the real model Ultimately, the 'Employee' makes the products, takes those products to the market, sells the same products, he made, to himself and finally he pays a fee known as Profit to some 'Owner' for a permission to own the same products he made and sold to himself. The owner gets to collect profit for doing nothing.....and many call that 'earning' instead of 'taking'. The way forward to a better society is to increase and maintain a strong minimum purchasing power of the end-consumer using the magic formula. (Magic Formula: 'Your minimum Purchasing Power' = 'minimum wage' + 'Benefits payments' - 'Cost of dignified living from cradle to grave' - 'Taxes, fees, penalties')
Thanks for the explanation. always struggled when it comes to economics at Uni, but you've made it so much easier. Hope I get a Circular flow of an Income related question in the exam tomorrow.
How does Circular Flow of Income work in connection to "sharing economy"? Where households sells or rents to each other, doing business peer-to-peer (P2P). Does this hurt the system? Or is it expected in this model? Please answer :-)
Thanks a lot! This is the best compliment I've received. You are too nice. I hope I keep my passion of animating for education alive. Words like yours is fuel to my passion of creating videos. Thanks a lot! Give me some ideas if you can! I'm thinking of making animation videos on popular economics books like Freakonomics and Naked Statistics. What do you think?
( CORRECT IT ) . first house hold send labour , land capital TO firm and in return house hold receive rent , intrest , wages . and firm produce goods and services hence house hold purchse goods and services and pay for it . simple
Thanks a lot. May I know which part of my videos do you like or dislike? Cos I think there are already many Economics videos floating around, that's why I don't get many viewers. Your feedback will help me improve greatly. Thanks a lot!
Thanks a lot for your feedback! I do try to cut out the big words in my script consciously. Thanks a lot for telling me that it works. I'm creating these videos without much feedback so sometimes I get kinda lost. A lot of things I do is guesswork. Your feedback is really valuable =)
@@economicsmafia The illustrations are good but the model you illustrate is completely fake. Here is the real model There is the owner and the employee. Firms are just property to own. Ultimately, the 'Employee' makes the products, takes those products to the market, sells the same products, he made, to himself and finally he pays a fee known as Profit to some 'Owner' for a permission to own the same products he made and sold to himself. The owner gets to collect profit for doing nothing.....and many call that 'earning' instead of 'taking'. The way forward to a better society is to increase and maintain a strong minimum purchasing power of the end-consumer using the magic formula. (Magic Formula: 'Your minimum Purchasing Power' = 'minimum wage' + 'Benefits payments' - 'Cost of dignified living from cradle to grave' - 'Taxes, fees, penalties') ALSO, Firms are no more "legal entities" than your back-up power generator is a "legal entity", and it does not matter if it runs on fossil fuels or if a bunch of humans must run on treadmills all day. Save the minimum purchasing power of the human citizens instead of saving businesses/firms.
This is the best illustration ever! THANK YOU so much for this. Clear and simple. 100s!
Ultimately, the 'Employee' makes the products, takes those products to the market, sells the same products, he made, to himself and finally he pays a fee known as Profit to some 'Owner' for a permission to own the same products he made and sold to himself.
The owner gets to collect profit for doing nothing.....and many call that 'earning' instead of 'taking'.
The way forward to a better society is to increase and maintain a strong minimum purchasing power of the end-consumer using the magic formula.
(Magic Formula: 'Your minimum Purchasing Power' = 'minimum wage' + 'Benefits payments' - 'Cost of dignified living from cradle to grave' - 'Taxes, fees, penalties')
My Economics tried to use an hour to explain this and nothing went in but you've done exactly that in just five minutes! Wow! Thank you!
Very amazing explanation🎉🎉🎉😊
simple and straight forward, bravo. i can feel myself already passing my exams. thanks
Fake model
Thanks for this amazing video. I understood the circular flow of income much better after watching this.
Wao, Great informative video. Thanks Indeed for sharing. 🌍🌹
I have been watching other videos on similar topics but I gotta say, you guys are the best. Thanks!
THis model is so fake. here is the real model.
Ultimately, the 'Employee' makes the products, takes those products to the market, sells the same products, he made, to himself and finally he pays a fee known as Profit to some 'Owner' for a permission to own the same products he made and sold to himself.
The owner gets to collect profit for doing nothing.....and many call that 'earning' instead of 'taking'.
The way forward to a better society is to increase and maintain a strong minimum purchasing power of the end-consumer using the magic formula.
(Magic Formula: 'Your minimum Purchasing Power' = 'minimum wage' + 'Benefits payments' - 'Cost of dignified living from cradle to grave' - 'Taxes, fees, penalties')
Your teaching is great! I love to watch more videos of you. I sometimes get stuck in lesson in class but I found them here. Your explanation is easy for me to catch on. Thank you very much, teacher!
Thanks a lot! Are you a college student or high school student?
@@economicsmafia :Donowall:
@@siddarthsomasundaram3687
Thanks for the subtitles! They are important as well.
Short, yet compact and understandable. Good to be watched when having test or finals. I surely will recommend your channel to my friends. :D
How could it be "circular" when the Wealth concentrates in the hands of few owners.
This model is so fake.
The best youtube channel ever. This channel should get 1 Million Subscriptions.
good and simple to tell a complex story!
you are incredible!!!!! please don't stop your beautiful job. please dont stop!
This model is completely fake. Here is the real model
Ultimately, the 'Employee' makes the products, takes those products to the market, sells the same products, he made, to himself and finally he pays a fee known as Profit to some 'Owner' for a permission to own the same products he made and sold to himself.
The owner gets to collect profit for doing nothing.....and many call that 'earning' instead of 'taking'.
The way forward to a better society is to increase and maintain a strong minimum purchasing power of the end-consumer using the magic formula.
(Magic Formula: 'Your minimum Purchasing Power' = 'minimum wage' + 'Benefits payments' - 'Cost of dignified living from cradle to grave' - 'Taxes, fees, penalties')
d best and easiest way of teaching...thanq u so much ...plz upload other topics related to national income
Thanks for the explanation. always struggled when it comes to economics at Uni, but you've made it so much easier. Hope I get a Circular flow of an Income related question in the exam tomorrow.
amazing ...uderstood whole 50 minutes lectures.in this one five minute video...wow!!
heyy!
its the best video on internet now its so simple clear yet full of knowledge why do you stop making such videos? please making more
Thank you! From the videos that I've watched lately. This video is the most simple yet clear. It helps me to understand our lesson
A simple and useful explanation.
U guy's DESERVES attention
Thanks 👊
amazinggg!!! explanation 😊😊😊
This help me yay ! 👍👍👍👍 I like it
Thank you so much
You just saved my last moment semester studies 😭
@Alfiya Sakharkar ?
Ur voice ❤️
Background music ❤️
Total ❤️❤️❤️🎉🙏
Most simple video ever. Made all concepts clear. Bravo!
Extraordinary explanation
Who is printing the money?! Are they doing it for free?! You're killing me!!
Nice
You explained it very well😊🙏💞
awesome awesome
this type of videos are better than some teachers in high school
This video amazing !!!
I am very lucky to have come across this channel!! Thank you for ur marvellous Explaination😘😘😌😌
Transparent explanation. Thanks queen of CFI.
A classic Explanation.....with one of the most beautiful Voice.... Carry on.
Lies.
there is nothing "circular" about it.
Excellent
THANK YOU AND GOD BLESS
😄 interesting and I like the narrator's voice
Incredible video..Best video ever seen..
so helpful i really understood the circular flow of income
v good understanding
wonderful tutorial
wow!!!!! this is wonderful. a clear and simple illustration.
whos here with the link given from your class
meeeeeee!!!!
How does Circular Flow of Income work in connection to "sharing economy"? Where households sells or rents to each other, doing business peer-to-peer (P2P). Does this hurt the system? Or is it expected in this model? Please answer :-)
Great
Thank you for making it so simple! The best explanation ever!! 🙏
It's very interesting and easy to understand...thank you.....
Thank you for the video
Thank You Ma'am it's Easy to Understand and Well Explained 👏
Excellent presentation,thank you
Wow. It takes a lot of time to understand .You made it so simple.
like ur voice and presentation
for me you are the best teacher ever!
Thanks a lot! This is the best compliment I've received. You are too nice. I hope I keep my passion of animating for education alive. Words like yours is fuel to my passion of creating videos. Thanks a lot! Give me some ideas if you can! I'm thinking of making animation videos on popular economics books like Freakonomics and Naked Statistics. What do you think?
oh it sounds like as if i found a treasure! stats is something to which everyone seeks for! and an animated video on it......you will kill iiitt!!!
can i have your ID to contact you personally i got something to discuss with you .
yeah...email me. economicsmafia@gmail.com
Awesome... 👍👍👍
Wooow what an explanation ! I liked & suscribed also, thanks
Your teaching style is brilliant! keep it up
Awesomely explained!!!!
Thanks for such a fantastic video its really easy to understand...
Thank you so much for your wonderful explanation
This is the best explanation compared to all on injections and leakages
THANK YOU FOR THIS VIDEO , IT HELPED ME CLEAR MY CONCEPTS. :)
This is the best explanation. Thank !
awesome ...
very very helpful
thanks
YOU ARE KING !!!!!!!!!! #sotrue
+Jana Schnitzler haha...what a loud exclamation!
+Economics Mafia Even though the narrator sounded like a female
you really make it easy to understand 😀👌👍
wow, I got the whole idea.thank you Miss ,thanks a lot
Thank you queen
Question: are labor, land and entrepeneurship = in money terms to profits, rents and interests?
BRAVO!!!!!!!!!!!!! YOU ARE JUST AWESOME...
I like your style of humor. Thank you for the videos. :)
( CORRECT IT ) . first house hold send labour , land capital TO firm and in return house hold receive rent , intrest , wages . and firm produce goods and services hence house hold purchse goods and services and pay for it . simple
Great video! You explain so clearly, thanks!
You are doing really awesome!!!
Im using this for my exams
its so simple for explaining
Keep it up!!!
let me know if u need any help nd If I can
Omg....this is the most simplest explanation ever....the rest are are very much complicated....
helpful
Amazing mam u made it osm,😍😍😍😍
Any one here after scanning the OSWAL book's QR
thank you so much ....love from india ....really helping video for me
Amazing explanation thankyou 👏
its too good
really like the use of visuals to explain this, thanks a lot :)
"No other discipline in economics is more controversial and vital as macroeconomics " - Paul Samuelsson
thank you so much for this amazing video
Thank you
Soo good.. Thanks
great explanation! i wish my teacher explained it like this
If you ended up here after scanning that QR code in oswaal's test series book .
.
.
.
.
.
*You're a fkin genius and expect good grades in your 12th*
OMG YES THIS IS SUCH A GOOD EXPLANATION THANK YOU VERY MUCH💖💓
Awesome explanation.... (Y)
Amazing explanation
Very helpful ever.
thank u soo , much its simple to understand, and your accent, i love😍😍😍😍
commendable! really helpful video
This is good stuff. Thank you, subscribed.
You r the best, thank you so much ☺️☺️
Highly regulated by the government’s in each country.
ur too good and very underrated
Thanks a lot. May I know which part of my videos do you like or dislike? Cos I think there are already many Economics videos floating around, that's why I don't get many viewers. Your feedback will help me improve greatly. Thanks a lot!
I really like ur visual animations which instantly sit in my mind and your very "Simple" way of explaining!
Thanks a lot for your feedback! I do try to cut out the big words in my script consciously. Thanks a lot for telling me that it works. I'm creating these videos without much feedback so sometimes I get kinda lost. A lot of things I do is guesswork. Your feedback is really valuable =)
@@economicsmafia
The illustrations are good but the model you illustrate is completely fake. Here is the real model
There is the owner and the employee. Firms are just property to own.
Ultimately, the 'Employee' makes the products, takes those products to the market, sells the same products, he made, to himself and finally he pays a fee known as Profit to some 'Owner' for a permission to own the same products he made and sold to himself.
The owner gets to collect profit for doing nothing.....and many call that 'earning' instead of 'taking'.
The way forward to a better society is to increase and maintain a strong minimum purchasing power of the end-consumer using the magic formula.
(Magic Formula: 'Your minimum Purchasing Power' = 'minimum wage' + 'Benefits payments' - 'Cost of dignified living from cradle to grave' - 'Taxes, fees, penalties')
ALSO,
Firms are no more "legal entities" than your back-up power generator is a "legal entity", and it does not matter if it runs on fossil fuels or if a bunch of humans must run on treadmills all day.
Save the minimum purchasing power of the human citizens instead of saving businesses/firms.
Bravo! awesome!
Wonderful :) It's really helpful. Thanx :)
very much helpful thank you