Home > Microeconomics, Videos > Microeconomics Class Video: High Productivity and High Standard of Living

Microeconomics Class Video: High Productivity and High Standard of Living

Keep in mind, the differences in productivity can be explained in many different ways. The point is not that people in countries with high standards of living are somehow better, just more productive in terms of the value of goods and services people in those countries produce.

The people interviewed in this video have some explanations for why some economies are more productive than others. They may or may not be right. Don’t let your disagreement with their views–if you disagree–cause you to miss the main point.

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Categories: Microeconomics, Videos
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