And so the first of these that I will focus on the first is the price of competing products.

The upper right hand corner is where you want to be.

What's also interesting, if you look at products that have a high component of what you might call messaging value, a high component of intangible value, versus their intrinsic value

Or if the DVD has special features.

But also to those who clean and organize the whole thing.

She hired seemingly unemployable men and women to care for the bees, harvest the honey and make value added products that they marketed themselves, and that were later sold at Whole Foods.

System integrators, not only supporting, servicing, and integrating your products but potentially tens of others.

It is the tax for a society built on dependency.

The product carries a high price tag.

Sadly, it was at this time that the family dinner was put in a coma, if not actually killed the beginning of the heyday of value added food, which contained as many soy and corn products as could be crammed into it.

If you're an engineer, you have to create something that's unique and valuable.

A spilled Latte Macchiato is not a Latte Macchiato.

If an amount of money is taxed like this

In the private sector, when you squeeze that kind of additional value out of a fixed cost investment, it's called a billion dollar company.

And luckily for us, it is a fairly intuitive idea.

Or you could say we'll subtract out the market value of the input at the beginning of that period.

The last video we talked about the price of related goods(price of related goods)and if the price of related goods change, both compliments and substitutes, (how that might change) how that might increase or decrease demand, the entire curve not just one particular scenario.

The other thing we assumed that's being held constant is price expectations for our good.

LOLcats is communal value.

And as we go up this curve, we're seeing higher value added at each step.

That'd be triple or 4 5 times the value that's actually created.

You mean dispose of over 200 million worth of product?

We saw in the last video that the contribution to GDP will just be this final product it will just be the fifty dollars worth of jeans and we know its value based on its market value, what people are willing to pay for it.

I'll give you some examples.

And it has no VAT.

Expectations... Expectations... of future prices. So let's say...

It involves limited raw materials.

We have talked a little bit about the law of demand which tells us that, all else equal, if we raise the price of a product, then the quantity demanded for that product will go down. ..common sense.

Antique carpets are especially valuable.

Now, we basically have to change our views slightly.

Our main concern is the life, the welfare, and not only the profit.

It is actually a reality today that you can download products from the Web product data, I should say, from the Web perhaps tweak it and personalize it to your own preference or your own taste, and have that information sent to a desktop machine that will fabricate it for you on the spot.

This product is made in Italy.

Anyway, this is, I think, just the big picture investment adds value to society.

That is, am I going to put it on a third party website like an Amazon or a web aggregator, or physically, am I going to use system integrators or VARs or some other indirect channel like a retail store.

These pieces of plastic are worth about 100 grand apiece.

But you're selling to somebody who's building an entire telephone switching network and this system integrator would take your component, your switches and routers, and actually build out a system that includes devices from other companies and they add some value added software and additional hardware and create an entire system for an end user.

The threeYear rate of return on extenzalife products...

Because in this system, machines are exempt from tax.

They can produce the same goods at a far lower cost.

When you have a patent, you can exclude anyone else from making, from producing or making

And then, as they went down, they kind of understood.

So if you assume that the price of... actually, I shouldn't say Competing Products,

Amazon makes a great business because in fact they could do 1 day delivery or they could do 2 day Premier Service.

This idea that you can actually create, if not gold, then at least added value by mixing traditional ingredients, like normal apartments and normal parking, and in this case actually offer people the chance that they don't have to choose between a life with a garden or a life in the city.