They can't even attain the bachelor's degree.

So what we're experiencing is something called shifting baselines.

And I tested them.

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

As manufacturing capacity expanded for military industrial use

So we would say we're 100 utilized.

This is intended just to show you that demand is pushing up against capacity.

I'm the most efficient guy in town.

The economic strength of a country lies not alone in its ability to produce, but also in its capacity to consume.

It's the largest company in Tanzania.

When someone is doing really well and getting a really great return, it attracts competition.

Now Andrew uses a slow drying bluing compound to check if he needs to make another slight taper cut

We worked day and night to meet that original delivery schedule. By the time we could remanufacture... we'd lose the contract.

This factory's productive capacity is 250 cars a week.

So now we're here in 2007, and maybe you could say 2008, where this is the capacity.

He didn't have quite as much so he puts 500,000 into it.

When you have huge returns, it attracts competition.

It will stop because of the end of trade resources.

But in this situation, what continues to happen?

HlV, malaria, poverty, not going to school.

I have all of this extra capacity.

The scale of the challenge ahead Richard is talking about becomes clear when you look at bio fuels.

That's 10 to the sixteenth. And they consume one and a half megawatts of power.

I learnt many things here.

Mass production?

And, as you can see here, there's a general trend that, as people have extra capacity, there's almost this incentive to lower your price relative to the other person.

But this is no laughing matter.

We are overfishing.

Planet Ocean.

So while I was sitting in a tall building in New York,

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.

2006 was a great year.

We are internationally competitive in production technology.

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

But this is just our capacity, our productive capacity.

The use of biofuels means that less land will be available for food production.

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

Life was very small for most people.

People spent so much of their money on health issues and drinking water.

But in this reality with competition, there's this huge incentive that, when you have extra capacity, especially if you have a lot of extra capacity, there's this huge incentive to lower prices so that you can utilize that capacity.

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

We could just talk about labor capacity, and then unemployment rate is a measure of what is essentially not being utilized.

Productivity has fallen. Accordingly, workers' bonuses will be reduced.