Le circuit économique simplifié – Hanna Cash — Transcript

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1. 0:06Hi there, it's me: Hanna Cash.
2. 0:15Oh no, I need to save up.
3. 0:20Today I'm going to explain to you how the economy works. And this based on the...
4. 0:23... simple circular flow model. There is also the extended model. But everything in order.
5. 0:30Step by step .
6. 0:33So, people like you and me live in a household.
7. 0:38And as you know it from your own household, we all have needs.
8. 0:42Your brother wants new sneakers, your sister a new smartphone. your father wants a good haircut,
9. 0:47your mother wants a course in bonsai pruning. And you?
10. 0:50You actually just want a little bit of love.
11. 0:52But you can't buy true love. That's why you want a kebab.
12. 0:58To satisfy our needs, we buy products or services. Products are objects that can be bought:
13. 1:02for example, clothes, electronics, food, and much more.
14. 1:06Services are activities that can be bought:
15. 1:08hair cutting, car washing, repairs, entertainment and much more.
16. 1:15Products and services are both goods. A good is something that satisfies our needs, so it does us good.
17. 1:23That's why it's called good ... maybe.
18. 1:27But where can we get the goods we want?
19. 1:31At companies! Small and large companies offer us a wide variety of goods to consume. That is why they are called consumer goods.
20. 1:41Unfortunately, goods are not free. You have to pay for them. You have to pay for everything. Also for kebab.
21. 1:46All the money we pay to businesses for our consumer goods is called consumer spending.
22. 1:52The problem is, we have consumer spending every day. And if there's no new money coming into your household, then you're getting poorer by the day.
23. 2:02But you can do something about it and that is: Go to work! And where do you go to work? At a company!
24. 2:08Because companies also have needs: In order to produce and offer their goods,
25. 2:13they need people to do the work. You and I can do this work for them.
26. 2:17This can be muscle power or thinking power, organizational skills, sales talent, creativity or any other skill you have that a company needs.
27. 2:26And yes, being an influencer is also a profession, but only if you get paid for it.
28. 2:32Because that's what it's all about: For work that was done, the companies pay you and me a wage.
29. 2:38Which means for us... CAAAAASHH!
30. 2:48All funds that flow between companies and households are called the circulation of money.
31. 2:53And all the goods and labor that flow are called the circulation of goods.
32. 2:57Because the work you do is also a good.
33. 3:03If you add up all the products manufactured and services rendered by the companies for one year,
34. 3:08you get the GDP: the gross domestic product. This key figure...
35. 3:13indicates how much an economy has produced within a year.
36. 3:18Et voilà. That was the simple circular flow model.
37. 3:20Of course, there is more to the economy. Most teachers, for example, do not work for a company, but for the government.
38. 3:27You can ask them yourself what this means... or me in the next episode.
39. 3:31Now you have learned something. And now it's time to pay -
40. 3:34with your likes, likes, likes!
41. 3:38Or even better: subscribe to my Channel! I am Hanna Cash. Make business, make money.
42. 3:43Until next time.
43. 3:49Millionaire!