There's a variable cost which is, each widget, they might have used some amount of metal and some amount of energy to produce it and some amount of paint if it's a painted widget.

Now, I want you to just look really close up onto what's happened there.

And so that the cost of goods is literally how much did it cost to buy the metal and the paint and provide the electricity to make those 3 million worth of widgets.

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

That's why in order to maintain cyclical consumption they have limited automation and produce poor quality goods through planned obsolescence.

So here's the thing. It sounds like a simple question.

Let's look at a couple of quick examples.

Automobile production has peaked out.

Production of this automobile started in 1980.

At this bottling plant on the production line, no production today.

Hey, it's a pleasure. Good to meet you.

That was very moving,dr. Shephard.

Real estate.

This factory produces 500 automobiles a day.

The automobile has changed our life.

By birth and by choice,

Companies can push producers faster than consumers can.

Now to finish the job you began! It was a pleasure meeting you, but we don't want you here.

This real estate guy.

The differences in temperature make differences in air pressure, and the differences in air pressure make air move.

Somebody solvent?

I develop real estate.

Car production in that year reached a record 10 million vehicles.

This also allows for adequate clearance when loading parts

I learnt many things here.

Mass production?

Automation in manufacturing and wealth accumulation by financial institutions are changing our approach to work

Do pay?

Here a new consciousness is being formed so that we can preserve our area as much as possible.

They will return, like clockwork, at different times.

And the mangroves were providing wood and honey and leaves for the animals, so that they could produce milk and whatnot,

This means that we have to focus on how our youth are going to be engaged in productive endeavor in their lives.

And you end up with a mortgage backed security.

Coldwell Banker, I'm a real estate agent! Please, don't hurt me.

The new industry brought about changes in our life.

Truth is, there is no happy_BAR_way to spin this thing.

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.

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

Mmhm. It's a real estate investment.

As the price goes up, we moved along the supply curve, and the quantity produced went up.

So we've got 35 places, we've got 15 priority commodities, who do we work with to change the way those commodities are produced?

But he combined all these elements in 1908 to produce the first mass market cat, the Model T