Listen "11. The Structure of Production"
Episode Synopsis
As factors of production, supply and demand of labor, land and capital will determine how much the producer will get out of this process. This process occurs in different stages. In the earlier or higher stages, producers' goods must be produced that will later cooperate in producing other producers' goods that will finally co-operate in producing the desired consumers' goods. The consumers' good is valued because it is consumed - directly satisfying man's ends.Part 11 of 14. Presented in 1986 at New York Polytechnic University.
More episodes of the podcast Introduction to Microeconomics
1. Intro to Micro: Demand and Supply
21/01/2010
2. Value
21/01/2010
3. The Determination of Prices
22/01/2010
4. Price Controls in the Oil Industry
11/02/2010
5. Minimum Price Controls
11/02/2010
8. The Firm
11/02/2010
9. Monopoly and Competition
11/02/2010
10. Government Cartels
11/02/2010
ZARZA We are Zarza, the prestigious firm behind major projects in information technology.