@Jay_ Around 7% of Swedens population is from the middle east, like 18% of the population consists of immigrants, meanwhile Englands population is like 20% immigrants.
Chapter 1 3:29 What is Economics? 6:03 Scarcity 8:54 Productivity (turning inputs into outputs) 12:36 The Role of Economics
Chapter 2 17:45 The Role of Prices 21:44 Economic Decision Making 26:59 Profit and Loss. Supply and Demand. 31:00 Command Economy (aka Central Planning, Price Controls) 34:26 Prices and Costs 42:50 Opportunity Cost 43:44 Economic Systems 53:30 Incentives and Constraints 57:40 Supply and Demand 58:19 Demand vs Need 1:03:05 Real Value 1:06:20 Competition 1:07:43 Prices and Supplies 1:11:29 Unmet Needs Chapter 3 1:18:13 Price Controls 1:19:35 How prices rise and fall 1:20:14 Price Ceilings and Shortages 1:22:15 Demand under Rent Control 1:28:08 Supply under Rent Control 1:36:21 The Politics of Rent Control 1:42:13 Scarcity vs Shortage 1:44:25 Hoarding 1:48:41 Black Markets 1:51:59 Quality Deterioration 1:56:17 Price Floors and Surpluses
Chapter 4:
An Overview of Prices 2:21:13 2:22:37 Define Economics 2:23:58 Cause and Effect: Thinking about logic, evidence, and incentives.
Systemic Interactions 2:25:30 Systemic Causation (involves reciprocal interaction) 2:30:00 The Damage of Rioting 2:33:32- Earth's 23.5 degree tilt on its Axis. Seasonal Changes. Changing Weather Patterns. 2:35:50 Individual Rationality vs Systemic Rationality 2:39:14 Incentives Vs Goals 2:44:00 Who decides what you want/need, you or someone else? 2:45:30 Scarcity and Competition 2:46:15 Unconscious Competition. Government picks favorites. 2:51:43 Incremental Substitution 2:58:46 California Farmers Water is Subsidized
Chapter 5: The Rise and Fall of Businesses 3:09:383:26:00 Montgomery Ward and The Rise of Sears . 3:28:17 Urbanization, 1920 3:29:00 J.C.Penny 3:29:58 Standard of Living 3:31:17 Insights/Ingenuity/Competition of the Market Economy 3:33:05 Economic Changes: (1) Credit Cards (2) The Human Factor 3:36:45 Tapping Talents (3) New Technology 3:41:35 Changes in Business Leadership 3:48:15 Fast Food Revolution 3:51:18 Death and Profitability 3:53:00 Outside Investors fix the Corporation 3:54:00 Lenin ----> Putin
Chapter 6: The Role of Profits and Losses 3:56:12 Profits and Losses (Cash Flows, Money going in and Money coming out) 3:58:05 Walmart sells Groceries, lower prices result for customers 3:59:56 Profits 4:01:29 Profits as Incentives 4:05:00 Intel and The Computer Chip 4:09:00 Profit is a price paid for efficiency
But yes, a welfare state is quite separate from business regulations.