Gross National Product is not the same as Net National Product.

Life was very small for most people.

GDP says look, if it was produced inside the country, we don't care who it's been produced by.

I learnt many things here.

Mass production?

They were going to produce 1,000 cars a day.

It reminds me of my college days.

You'll get proteins in any kind of food anyway.

And I tested them.

That means that we have now more food available than ever before in human history.

And then on the horizontal axis quantity, produced.

Why didn't they put it into production?

So we would say we're 100 utilized.

So when I also think about design,

This was a very productive evening.

which I find is somewhat ironic.

So in this situation, let's say, this is capacity.

Gross national product is a nation's total output of goods and services as measured in monetary value.

Now let's say I can take this 20 thread and I'll stay with white I can take this 20 thread and I could throw in some more labor

It's bringing those externalities back into the price of the commodity.

And it's even cruel to think of anything like this.

It's giving them access to affordable credit.

And my desire for continuity. I do.

But that's not how much income we made, because there was a

We've got to reveal the dangers in the product.

And as an economist, we can also look at that side of the story. These are people who are productive agents in the economy.

Just smart people moving bits. Different rules.

2006 was a great year.

They care about availability, so the big risk for them is not having product at all.

Scaling Conventional wisdom says reduce cost by producing many.

We're not going to be able to do that.

What happens?

Global Research Innovation Technology and then we also teamed up with a big manufacturer in India, Pinnacle Industries, that's tooled up now to make 500 chairs a month and will make the first batch of 200 next month, which will be delivered in India.

And to understand it, let's think about how jeans might be produced.

They had their entire lives ahead of them birthdays, graduations, weddings, kids of their own.

What's the most important things you need to do for the business to make the business model work.

Or, another way to think about it is the cost of production.

Four decades later, the world consumes between three and six barrels of oil for every one that it finds.

Production was centralized in assembly plants.

National message. Targeted individuals.

Doubt is our product,

It's our output. We're off.

The cook can't stop.

OK, whatever we do has got to fit into the Franklin assembly line.

What if the facts of life don't work that way?