What Makes An Economy Grow

A simple example economy demonstrates how all economic growth is is individuals doing things or making things others want. Money is simply the IOU given to the craftsman, who gives it to the next person for something HE wants. Adding more money only makes the existing money worth less.

[colbartus]

This video was like a lightbulb just switched on in my head

[phgii]

Damn this was legendary
This channel should be so much bigger

[Kuna_]

Thanks for the video. Just one thing to add: growth is tightly linked to environmental degradation, so we will have to think of different strategies for well-being than to keep pushing 'growth button'. ;)

[harrison]

I completely agree: Its about making more stuff. Not the money itself. (Assuming its a healthy economy)

[markmancenido]

The only thing we lose here are resources, which is why we need sustainable development. Money is meaningless without sufficient resources, hence scarcity will occur.

[mrnerd]

Loads of love bro.... Thank you for such a simple explanation ❤

[ibraheemsiddique]

Thanks































































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[bensyoutubeacc]

I randomly questioned what people always meant by "this will help grow the economy" and I never understood how it would or what they meant by that and this filled that gap in my understanding within a few minutes, good video.

[dzryad]

I did not know that ibdint understand the basics if economy until i watched this ❤ Thank you its very educative

[Bedinsis]

This was fine until we got to the cynicism about politicians. Political institutions are also actors in an economy, and some investments are best handled on a collective level.

[wj]

This is a really nice explanation of GDP, not growth

[manzbays]

this is better then what link my teacher gave me

[sukrutbhushan]

This explanation suits to economies that are internally dependent, I want to know more about how does economically grow through external factors which isn’t explained in this video

[dophhead]

dude dropped the best video about economics then disappeared

[MlgEpicCar]

thank you, im trying to make a minecraft economy

[darthvitiate]

i have a question about recent cryptocurrency
how does mining bitcoin not cause inflation in the economy like in Zimbabwe

[adamwilliams]

Absolutely love this especially the ending about politicians

[freddiemercury]

On the surface this video might seems childish ... but it is awesome and very informative !! Good job

[pawan]

its the trade of goods and services which create all the value in the world, isnt it

[fly-over]

This is a GREAT animated explanation of how the economy works and all the mechanics of it. NOW we need a new animation on how the current COVID19 has collapsed the economy world wide, the mechanics of this are similar, but the ingredients to this are much different than before, this is an unprecedented dilemma we are in, and a much needed explanation would be great for all to view.