One of my siblings majored in literature and became so far left politically they constantly try to say that "scarcity is a myth". I wish she would try to stay in her field of study.
Khan Acadamy, we appreciate your endeavor to help, especially those who do not have an opportunity to learn or who need more money to buy learning or get an education with the disadvantages. You are doing great for free. That is so valuable that money can buy it.
Based on the definition in the video, it feels like pretty much everything is scarce resource. It just depends how 'scarce' the resource is. To be free in my mind would be completely infinite, and there isn't really any object or concept I can think of that is truly infinite.
Even your comments are a scarce resource if you think about it.... How many times a day can you give your honest feedback on every topic.... probably not to many times lol
1. 0:01 2. 0:050:06 if 0:08 3. 0:110:120:13 4. 0:140:16 for 0:18 5. 0:220:23 6. 0:26 2. And, arguably, we wouldn't even need a field of economics, if there wasn't the notion of scarcity in the world. 그리고 틀림없이 세상에 희소성에 대한 개념이 없었다면 경제학 분야도 필요하지 않았을 것입니다. 3. Well, think about it what does it mean in everyday life? 와러짓 미닌 일상생활에서 그것이 무엇을 의미하는지 생각해보십시오. 4. It means that there's not enough of something to go around for talking about scarce goods, scarce services, scarce resources. ~ 희소한 상품, 서비스, 자원에 대해 이야기하고 있다면 어나프업 썸띵 enough of …의 충분한 양[수]. 5. We're talking about things about things where if there was no cost associated with them, people would use far more of that than there actually is around. 이와 관련된 비용이 없다면 사람들은 실제로 주변에 있는 것보다 훨씬 더 많은 것을 사용할 것이라는 의미입니다. .
Excellent explanation of complex economic concepts! The visual representation made it much easier to grasp. For those looking to dive deeper, platforms like SolutionInn, Chegg, and Course Hero offer detailed solutions, expert help, and study guides to reinforce your understanding of these topics. Khan Academy is also a fantastic resource for free tutorials that break down difficult subjects. These platforms work together to provide a comprehensive learning experience, making tough topics more approachable.
00:02 Economics is based on the idea of scarcity 00:46 Scarcity is essential to economics 01:25 Caviar is a scarce resource 02:04 Scarcity is a key concept in economics 02:49 Scarcity is a result of people's unwillingness to do an infinite amount of work for others without any return. 03:34 Freshwater is a scarce resource 04:17 Air is considered a free resource although it is becoming scarce. 04:59 Scarcity is the central idea in economics. 00:02 Economics is based on the idea of scarcity 00:46 Scarcity is essential to economics 01:25 Caviar is a scarce resource 02:04 Scarcity is a key concept in economics 02:49 Scarcity is a result of people's unwillingness to do an infinite amount of work for others without any return. 03:34 Freshwater is a scarce resource 04:17 Air is considered a free resource although it is becoming scarce. 04:59 Scarcity is the central idea in economics.
The universe is based on this idea that's how time works entropy. The reason scarcity is a thing is because the universe doesn't give you anything for free
Natural fertile land became scarce, as natural drinkable water did. So as clean/healthy breathing air is becoming scarce in urban areas, what resource abundance do you expect during Greta Thunberg lifetime?
@KLJF Scarcity exists, dude. It has existed since the beginning of human civilization. EDIT: We do not live in Star Trek and we do not have replicators.
As explained in the video, there is no economy without scarcity. In order for economic growth to exist, there needs to be a growth of scarcity. So I see three possible outcomes: 1. The market will naturally find its ways to create even more scarcity (for example by fueling the unlimited wants and desires or by managing the distribution of goods and purchasing power) that will outweigh the technological advances in the big picture. 2. There will be another kind of economic system, where economic growth and scarcity are defined by something other than the means of production based on finite resources. 3. There will no longer be a global economy as we know it.
Scarcity is pretty much the relation between demand and supply, it is what defines the exchange value of products and it is what drives the economy as explained in the video. So, the more scarce a pruduct is, the higher the exchange value and the more economy is boosted. Planned obsolescence is one way of limiting supply of a product which consequently creates more scarcity, which in turn boosts the economy.
@@villevmakela LOL "boosts the economy" what that means is destroying wealth to create cash flow. Meaning the worker/consumers are supposed to be too stupid to figure out the economic power game.
@@villevmakela Is refusing to buy junk designed to become obsolete powerlessness? Pointing out to Generation Z that accounting could have been mandatory in the schools for them, their parents and their grandparents. The internet makes information exchange better than the old days.
You could think of money as a resource that is scarce because we have money supply caps in countries. So you can't get all the money you want and everyone gets all the money they want because then the money would become worthless. So money is only valuable because people choose to put value in it and it is scarce (and therefore people have limited supply of it).
Sure is being extracted faster than has been geologically formed. But in US peak oil may seem a scam. US administrations are regularly fighting for it, where is most abundant.
Lol Khan Academy, but I disagree with his argument for scarcity. A scarce resource is only a resource who's demand, outweighs it's supply. He says "caviar" is a scarce resource, but I would say that's only scarce IF the demand for caviar is higher than the current supply of caviar. I know that in today's society many people want caviar, and there's not enough for everyone desire, making it scarce. But what if everyone stopped wanting caviar, would it still be scarce? I don't think it would.
I think that you are right but his argument for scarcity is also true I will explain that for you Caviar has a high price in all countries because it has low supply on the world and any resources has low supply lead to hight price of it
![Coheed and Cambria - Searching for Tomorrow [Official Video]](http://i.ytimg.com/vi/hDsYGLbmadg/mqdefault.jpg)
simple yet critical. thanks.
There is a scarcity of likes and views on this wonderful vedio. Why?
One of my siblings majored in literature and became so far left politically they constantly try to say that "scarcity is a myth". I wish she would try to stay in her field of study.
Or basically in the field of reasoning
It's not that they are very far left, because even communists know scarcity is a fact. Your sibling is just an idiot.
She is telling you by means of school of thought while you get to know about its practical application that's all
Merely a semantics argument
You're both correct
Khan Acadamy, we appreciate your endeavor to help, especially those who do not have an opportunity to learn or who need more money to buy learning or get an education with the disadvantages. You are doing great for free. That is so valuable that money can buy it.
What a coincidence is this, I just read about Scarcity and opportunity cost in my " Economics app "and now I found this beautiful video. Thanks.
This is how data is sold .
Khan makes Education a free resource
Hey whats up guys, Scarce here
Thanks a lot Mr. Sal Khan. Your explanations are very clear and understandable and yet very informative. Please keep going forward. 🤗🌻😉🌹
Based on the definition in the video, it feels like pretty much everything is scarce resource. It just depends how 'scarce' the resource is. To be free in my mind would be completely infinite, and there isn't really any object or concept I can think of that is truly infinite.
Even your comments are a scarce resource if you think about it.... How many times a day can you give your honest feedback on every topic.... probably not to many times lol
SUPERB EXPLANATION BRING MORE CRASH COURSES PLEASE
1. 0:01
2. 0:05 0:06 if 0:08
3. 0:11 0:12 0:13
4. 0:14 0:16 for 0:18
5. 0:22 0:23
6. 0:26
2. And, arguably, we wouldn't even need a field of economics, if there wasn't the notion of scarcity in the world.
그리고 틀림없이 세상에 희소성에 대한 개념이 없었다면 경제학 분야도 필요하지 않았을 것입니다.
3. Well, think about it what does it mean in everyday life? 와러짓 미닌
일상생활에서 그것이 무엇을 의미하는지 생각해보십시오.
4. It means that there's not enough of something to go around for talking about scarce goods, scarce services, scarce resources.
~ 희소한 상품, 서비스, 자원에 대해 이야기하고 있다면
어나프업 썸띵
enough of …의 충분한 양[수].
5. We're talking about things about things where if there was no cost associated with them, people would use far more of that than there actually is around.
이와 관련된 비용이 없다면 사람들은 실제로 주변에 있는 것보다 훨씬 더 많은 것을 사용할 것이라는 의미입니다.
.
Thank you for this lessons, it's so helpful!
Wow! This video is really cool!
Khan, I wish, I were your student at the university or the school.
I was born too late unfortunately :(
Excellent explanation of complex economic concepts! The visual representation made it much easier to grasp. For those looking to dive deeper, platforms like SolutionInn, Chegg, and Course Hero offer detailed solutions, expert help, and study guides to reinforce your understanding of these topics. Khan Academy is also a fantastic resource for free tutorials that break down difficult subjects. These platforms work together to provide a comprehensive learning experience, making tough topics more approachable.
straight and to the point
00:02 Economics is based on the idea of scarcity
00:46 Scarcity is essential to economics
01:25 Caviar is a scarce resource
02:04 Scarcity is a key concept in economics
02:49 Scarcity is a result of people's unwillingness to do an infinite amount of work for others without any return.
03:34 Freshwater is a scarce resource
04:17 Air is considered a free resource although it is becoming scarce.
04:59 Scarcity is the central idea in economics.
00:02 Economics is based on the idea of scarcity
00:46 Scarcity is essential to economics
01:25 Caviar is a scarce resource
02:04 Scarcity is a key concept in economics
02:49 Scarcity is a result of people's unwillingness to do an infinite amount of work for others without any return.
03:34 Freshwater is a scarce resource
04:17 Air is considered a free resource although it is becoming scarce.
04:59 Scarcity is the central idea in economics.
Gentleman is used for labourers by sir, Amazing❗ isn't it?
I like Scarce
So helpful, thank you!
give as tips how to answer examination questions? Thank you
Great video
Great lesson!
I love it . This is video so cool for me
Selective knowledge ( expression of elite ) different group , different believe
Change capacity
Who’s here for their economics class?
The universe is based on this idea that's how time works entropy. The reason scarcity is a thing is because the universe doesn't give you anything for free
What will happen when as we constantly improve our disruptive technologies that drastically reduce scarcity?
Natural fertile land became scarce, as natural drinkable water did. So as clean/healthy breathing air is becoming scarce in urban areas, what resource abundance do you expect during Greta Thunberg lifetime?
@KLJF Scarcity exists, dude. It has existed since the beginning of human civilization.
EDIT: We do not live in Star Trek and we do not have replicators.
As explained in the video, there is no economy without scarcity. In order for economic growth to exist, there needs to be a growth of scarcity. So I see three possible outcomes:
1. The market will naturally find its ways to create even more scarcity (for example by fueling the unlimited wants and desires or by managing the distribution of goods and purchasing power) that will outweigh the technological advances in the big picture.
2. There will be another kind of economic system, where economic growth and scarcity are defined by something other than the means of production based on finite resources.
3. There will no longer be a global economy as we know it.
Geesus.. Imagine that. Wars on Mars, fighting for oxygen..
That's could happen when Elon transports people to Mars then for whatever reason they can't return xD
Loved it !
In high school my teachers considered me to be a scarcity.
How does planned obsolescence affect scarcity?
Scarcity is pretty much the relation between demand and supply, it is what defines the exchange value of products and it is what drives the economy as explained in the video. So, the more scarce a pruduct is, the higher the exchange value and the more economy is boosted. Planned obsolescence is one way of limiting supply of a product which consequently creates more scarcity, which in turn boosts the economy.
@@villevmakela LOL
"boosts the economy" what that means is destroying wealth to create cash flow. Meaning the worker/consumers are supposed to be too stupid to figure out the economic power game.
@@psikeyhackr6914 Excactly. Except I would say it doesn't even require stupidity, being powerless will do just fine.
@@villevmakela Is refusing to buy junk designed to become obsolete powerlessness? Pointing out to Generation Z that accounting could have been mandatory in the schools for them, their parents and their grandparents. The internet makes information exchange better than the old days.
CAN SOMEBODY SUMMARIZE THIS VIDEO UP FOR ME?
no
you drink lake water :ssssssssssssssip
villagers :ay you no drink this special WATER
is money a resource?
You could think of money as a resource that is scarce because we have money supply caps in countries. So you can't get all the money you want and everyone gets all the money they want because then the money would become worthless. So money is only valuable because people choose to put value in it and it is scarce (and therefore people have limited supply of it).
❤
5:00 Oxygen was scarce during COVID-19🦠😷 PANDEMIC. When patients were dying in hospital ventilations and there was huge demand of oxygen cylinders.
Clayton Bigsby says oxygen is a scarce resource.
In a nut shell "SCARCE" - limited or difficult to obtain
👍🏻
Is peak oil a scam?
Sure is being extracted faster than has been geologically formed. But in US peak oil may seem a scam. US administrations are regularly fighting for it, where is most abundant.
and now, I am breathing manually...
I thought those were jelly beans
4:29
Sal: When I take a deep breath...
Also Sal: **Breathes Aggressively**
1st
plsssssssssssss putttttttttttt addddddddddddddddddddddddddddssssssssssssssssssssssssss plssssssssssssssssssssss WE DONT MIND
First
Lol Khan Academy, but I disagree with his argument for scarcity. A scarce resource is only a resource who's demand, outweighs it's supply. He says "caviar" is a scarce resource, but I would say that's only scarce IF the demand for caviar is higher than the current supply of caviar. I know that in today's society many people want caviar, and there's not enough for everyone desire, making it scarce. But what if everyone stopped wanting caviar, would it still be scarce? I don't think it would.
I think that you are right but his argument for scarcity is also true I will explain that for you
Caviar has a high price in all countries because it has low supply on the world and any resources has low supply lead to hight price of it
That's not what scarce means IN economics.
Yes it is a relative concept
Can't watch this video with a speak cuz i don't think my dog likes your voice bruhhh he keeps barking dawg😭
Headphones
You spelled "Artificial Scarcity" wrong.
PETTY!
Orange and Black fish eggs kinda reminds me of Halloween theme! ⚫🟠Mr.Sal @Khan Academy
I like Scarce