The division of the property was a bone of contention between the brothers.

He settled his property on his sons.

And that leads to a very powerful tool.

The GDP is then divided into the private and public sector.

Because there will always be consumption.

I'm the most efficient guy in town.

I learnt many things here.

Mass production?

And this isn't just found in packaging.

I was given a minor share of my father's wealth.

100 years ago, someone working in agriculture produced enough for 3 more people.

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.

And we know that the issue is not just production of food.

As you've heard from many of the talks, statistics underpins an enormous amount of research in science in social science, in medicine and indeed, quite a lot of industry.

By some estimates, up to 70 of time is spent just reading existing code.

She gave him everything she owned.

And then on the horizontal axis quantity, produced.

Why didn't they put it into production?

which I find is somewhat ironic.

And actually, let's just say that also includes employee costs.

A severe typhoon has done much damage to property.

Share and share alike.

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 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.

But it's the thermal death point all life ceases there.

You could argue, maybe, some of it's investment if it helps you become more productive, but for the most part, that's pure consumption.

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

The company gave him enough pension to live on.

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.

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

Doubt is our product,

It's our output. We're off.

The cook can't stop.

lived in Asia and they made more than half the world's product.