A History of Economic Growth: The Market Economy
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Uses animation, 19th century engravings, and live-action photography to describe the history of economic growth from pre-Industrial Revolution times. Discusses such concepts as capital, capital goods, free enterprise, and laissez-faire. Considers the four major points of Adam Smith's theory of supply and demand which take into account deciding what to produce, determining quantity to produce, interfacing with prices, and establishing income.
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Uses animation, 19th century engravings, and live-action photography to describe the history of economic growth from pre-Industrial Revolution times. Discusses such concepts as capital, capital goods, free enterprise, and laissez-faire. Considers the four major points of Adam Smith's theory of supply and demand which take into account deciding what to produce, determining quantity to produce, interfacing with prices, and establishing income., NOTE: Two (or more) records have been merged together to create this data.
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