As machinery takes over from manual labourers, discover the effect this is having on one of Brazil's many thousands of sugarcane cutters. Human Geography - A Changing World - Learning Points. The sugarcane industry was once the largest...

Today we learn important topic that is Needs, Wants and Earning. we learn one by one topic with giving an amzaing and real life example. What is the difference between Needs and Wants? also you will learn how to earn and what are the...

Historian Margaret Jacob (UCLA) describes how her views are often at odds with those of many economic historians.

This video challenges the prevailing view among economic historians that the Industrial Revolution was primarily driven by factors like high wages and abundant coal. Instead, UCLA historian Margaret Jacob argues that cultural and...

From 1965 to 1982 a macroeconomic event known as “The Great Inflation” cast a shadow on the post-World War Two Global Monetary System. During this time, inflation rose from a rate of 1% a year, to its peak in 1980, of almost 15%. Jobs...

This video will discuss the Homestead Steel Strike.

House prices in Britain are currently falling faster than at any point since the financial crisis of 2009. So, in this video, we’re going to look at the UK’s current housing crisis; why prices are falling; and whether they might fall a...

This video discusses the topic of minimum wages and aims to help the viewer understand their effects on labor markets and the associated advantages and disadvantages. The presenter explains what a minimum wage is and how it is typically...

American democracy has a lineage of written records that we can trace to show the development of our nation, and how each document builds on those before it to make our foundation of freedom stronger. In this video, documents conceived...

The video explains the concept of the Phillips Curve and its relationship to managing economies from a demand side perspective. The video explains the history of the Phillips Curve, which was established in 1958 by AW Phillips, and how...

Medicare for All, which would extend health coverage to all Americans, has been a hot topic of debate in recent years. Researchers have looked into the many ways that a switch to Medicare for All might change our lives, and one of those...

From 1965 to 1982 a macroeconomic event known as “The Great Inflation” cast a shadow on the post-World War Two Global Monetary System. During this time, inflation rose from a rate of 1% a year, to its peak in 1980, of almost 15%. Jobs...

This video is a tutorial on the topics of economic rent and transfer earnings in labor markets. It starts with defining these two terms and explaining their differences, using examples and diagrams to illustrate the concepts. The video...

The video discusses the concept of a monopsony, which occurs when there is only one buyer in a market, such as the government in the public sector. The video explains the differences between the outcomes of a monopsony labor market and a...

Stanford economic historian Professor Gavin Wright, addressing the Institute’s conference on the economics of race, argues that the conditions facing the children of the great migration from the South are very different to the...

MIT’s Professor Peter Temin, addressing the Institute’s economics of race conference, sees the US economy as bifurcated along lines...

Health economists study the economic determinants of health. They also analyze how health care resources are utilized and allocated, and how health care policies and quality of care can be improved. In this episode, we discuss what...

The video discusses the topic of labor markets, specifically the impact of a higher minimum wage on the economy. The video analyzes the factors that affect the significance of this trade-off, such as the size of cash reserves that...

Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.

The video is about the benefits and costs of inflation. The speaker talks about the different impacts of rising and steady inflation on consumption and production, real wage costs, and debt burdens. He also explains some of the costs of...

The video discusses the importance of managing cash flow for a business and how to avoid running out of cash. The presenter explains how cash flow can be improved by hastening or increasing cash inflows, as well as delaying or decreasing...

In this video, the teacher introduces the concept of final accounts for manufacturing concerns. Using an example of a wooden sofa set manufacturer, the teacher explains the different expenses involved in the production process and...

Mr. Clifford explains the Long Run Aggregate Supply Curve (LRAS) and the relationship between price level and output in the long run.

In this video, the teacher explains how expenses can also help in generating revenue. They discuss different types of expenses, including capital expenditure, revenue expenditure, and deferred revenue expenditure. The teacher also...