What is a price? Basics of economic literacy
Description
Everything has a price tag. But who sets all these prices? What hides behind a price tag? How does price control your life? We all know 'the best things in life are free' and 'you can't buy happiness,' right? So why do we insist on putting a price on just about everything? Well, we don't. That's the first of many surprising lessons viewers learn in What Is a Price?: a price is not an arbitrary number someone 'puts' on something. Viewers learn that a price is information disguised as a number. They understand how it influences consumer behavior, sends a message from the producer, allows the consumer to talk back, and plays a vital role in a market economy.
Runtime
21 min
Series
Subjects
Genre
Date of Publication
2006
Database
Alexander Street
Direct Link
https://www.remote.uwosh.edu/login?url=http://www.aspresolver.com/aspresolver.asp?BUSV;2313651
Similar Films
Hiring. Clip no. 1b
Daring to Care-Prosperously!
Putting stress to work
Choices & change. Microeconomics. Competitive markets. Part 5
Psychology of advertising. A new century. Part I
Naomi Klein. Rise of Disaster Capitalism
Planning and delegating. Clip no. 5a/b/c
Clothes at work. Decoding office dress codes
Delegating for diehards. Working together to get things done
Working holiday
When the coach is you!
Stock market basics. Learning without losing
Economics
Who runs America? Episode 3