all right people who've got a question on any one of these ships go ahead let's go to three you talk about these right llama beans beans where are we 3b okay okay first of all let me just take up i'll just draw these all here okay i'm going to draw them and i'll like i was like i should have had done yesterday so i'm just going to go through these one by one people at home you can see this right yeah yeah yeah okay remember it doesn't matter it doesn't matter which axis you put the you put your um variables for this it doesn't matter so what did i do normally would i put them on before oh yeah oranges and lima beans okay here's my ppf that's the initial condition all right the outcome of the economy is efficient what does that mean we're producing somewhere on the line thank you we're on the line somewhere with society choosing approximately equal amounts of oranges and lima beans approximately equal somewhere here okay if you draw this dotted a dotted line roughly the same amount of lima beans and oranges okay next this a rough diagram because we don't have numbers remember so a recession causes a significant percentage of the labor force to be unemployed this is the one you're asking about okay here's here's the what you have to remember if it's a permanent change in a resource that will cause the the curve to shift if it's a temporary change in a resource that means you're just using your resources inefficiently so here we have some of your workers are unemployed they're not working they're there you're just not using them fully what we call efficiently which means you're going to be producing somewhere inside the curve somewhere inside the curve it's being it's inefficient because they're still there and you're just not using them properly now if they had died or they left the country they emigrated to another country well now you lost the resource so that's gone so you're not using it inefficiently you don't have it anymore which means that's a that's going to cause the entire curve to shift inwards but here it's just a temporary uh temporarily you can't use the resource that represents inefficient use of resources o l there's a hard frost in florida some of the orange crops are destroyed does this affect lima bean production at all not at all so maximum lima bean production will not be affected but it will affect orange production so that means you're going to see something and be another color you're going to see something like you're going to that the orange production is going to drop but maximum lima beam production doesn't remember to always draw in the arrow i the reader of your graph has to understand which is the initial curve and which is the one that has changed so you always have to draw an arrow lima beans are infected with a rare disease and many of the plants die does this affect lima beans yes does it affect oranges no that means maximum orange production will stay the same but lima bean production is going to drop so you're going to produce less with the given resources you have less lima beans but the same amount of oranges advancements in fertilizers improve the yields for both oranges and lima beans what kind of change is this is it a first of what's going to happen yeah this fertilizer is helping both lima bean and oranges a the fertilizer is going to help the plants grow quicker we're going to see more of both so we're going to see what's this economic growth for both okay but what caused this perfect it's a change in technology an increase in technology that's right good what are the two things that what are the what can cause economic growth what can cause us to produce beyond the frontier more resources or technology don't forget the technology part okay on a test it's gonna be if you're asked that question it's it's more resources or better technology okay any other questions yeah which one three g three here this one oh the tricky one yeah i forgot about this one okay the surgeon general announces that drinking orange juice reduces the risk of cancer okay is this going to affect uh how is this going to affect lima bean production orange production production do we have a change in resource or a change in technology here no we have a condition here something's happening but it has nothing to do with the resources or technology so this which means your curve will not shift at all there will be no movement on the curve sorry there won't be no shift of the curve and we're not producing inefficiently so you're not going to produce inside the curve has nothing to do with that what do we have here that's right it has to do with the consumers here it's like there's more demand for one product so that's right we have here we have here what's called a change in preference we just for whatever reason in this case is health benefits we prefer oranges over lima beans so what would that look like on the ppf that would just look like shifting our resources from producing if we were here let's say we were 01 and l1 were here now because of this change in our preference we're going to stay as a society hey let's produce more oranges okay because that's the health benefits which obviously is going to mean less lima beans remember opportunity cost so we might we would see a shift something like this a movement along the curve more oranges l2 o2 less lima beans okay we're gonna use these we're gonna come back to this when we start supplying demand using subscripts to represent you know initial output levels and then the changed ones so oh let's say zero subscript one we started here and then zero subscript two which is over here that's our our new condition our new output level just tells the reader what's happening okay any other questions the rest were kind of straightforward i believe right oh can you can can you go over 2b hey people at home it's not open for questions from you guys otherwise we're never going to end i'm just joking okay i'll just do it don't worry which one 2b tv okay 2b is basically the that one slide i showed you where we could see visibly when you move from producing from one level of production to another let's say we were we could visually because that's what this question asks right visually show okay so we want to visually see the the opportunity cost and you can see you can see that if you have a few points right that you're producing let's say you're producing at this level here okay i'm gonna throw in some numbers just so you get it let's say we're producing six oranges and three lima beans okay now you want to go let's say these are points here cd if you want to go from here to here okay you let's say you as a society us as a society say we want more lima beans well that's going to come at a cost it's going to come at a cost of some of the oranges because we have to shift our resources so then we end up at this level here and i'll just make up a number we have four lima beans and let's say four oh no that's like it let's say five oranges so this drop right here this drop right here in oranges is the opportunity cost we had to give up this amount of oranges one to produce one more lima bean okay you can see that here and you can see it even more clearly in the table of values where you can calculate it is that good cohort a yep thank you all right buddy anything else before we do our lesson then normally i'd give you guys a quiz right now on ppm and we do a quiz and take it up but we're just going to see it on the test okay it's a very simple topic i'm going to give you not a review sheet it's only one chapter so i'm going to tell i'm going to i'm going to i'm signing with you questions and then you're gonna study those questions and the chapter because it's only one chapter i'm not getting into review sheets because this is one chapter now the next from from now on it's gonna be two usually two chapters i will have a review sheet practice these questions and study these topics okay but this is one chapter all right let's get that powerpoint up everybody at home can see that yeah all right thanks uh okay okay go in here sure anybody want it on okay so we're going to look at 1.3 i haven't broke it down into three three normally three lessons for 1.3 so i have we're going to do two today and then one you're going to watch at home okay i'm gonna have a video for this one i have i've made a few videos uh but because they're too time consuming right so i have um i'll make videos when we need to when this doesn't work out you have to watch one at home so i have one for the next level for the third part of 1.3 so we're going to do the first two parts of 1.3 and then you're going to watch one at home and practice okay so we're going to look at economic systems every society every society every country has to answer three questions okay they're known as the economic questions okay we're going to look at these questions individually the first question is what to produce the second is how to produce it and the third is who gets what for whom do we produce why do we have to answer these questions because our resources are on our limited so we have to make decisions so these are the broad questions that every society if you think about it has to answer if we get together we're in this country what are the what are we going to make who's going to make it who gets how are we going to make it and who's going to get the stuff that we make now you may say look really reaction is we we ask these questions we actually ask and answer these questions yeah we do it's just we don't actually sit down and ask them at like a meeting we don't have a meeting we sit down in a board room and ask these questions for the society as a whole that's because of the type of economic system that we have here we don't do that so we have a system that answers these in the background so that's what we're going to look at today how some how do what are the three what are the ways that we can answer these questions if there are three economic systems that answer these questions we're going to look at those today but let's look at the questions what these questions mean specifically what the first one is what are we going to produce because we can produce lots and lots of things so we're how do we decide what are we going to produce like how many how many go trains should we have and put these up that i can talk how many goat trains should we have running from let's say oshawa to downtown toronto how often should they arrive should we even have one for martial destroyer if you own a business like uh let's say you're a baker how much bread will i bake today how much rye bread how much marble rye how much flax seed how much white how much whole wheat how many bagels should i make so the what to produce is one of the big questions how does a baker figure out let's say you're a baker you own a bakery say you own a bagel shop how would you figure out how many bagels to make what would what would you be thinking about you wake up in the morning you show up how am i gonna make you think about how right what are many gonna say put in the same thing you're gonna think about how much people want based on how much they bought before so the demand for your bagels is what's gonna be on your mind okay but that's just because we have a certain type of economic system that's why you're thinking like that okay the second question is how is it going to be produced is it gonna be let's say labor intensive is it going to be made by by hand or mostly by hand our beginning is excuse this introduction just a reminder to all teachers uh please be sure to verify all attending students on their comments list once again all teachers please ensure that you verify all attending students on your attendance list thank you are we going to make it with machinery in other words is it going to be what we call capital intensive capital intensive meaning we're using more machinery than labor is it going to be a mix how are we going to use it how are we going to make it what what resources are we going to use to make it who's going to make it who's gonna make it that how encompasses all that question it's an important question because it has to do directly with the issue of scarcity how we make something deals with the issue of scarcity if we make something efficiently we use as much of the resources resources possible we'll have more resources right let's say you have a we make chairs out of wood right most chairs traditionally we make them out of wood wood comes from trees okay lumber let's say from one tree we can make one one carpenter can make five chairs from the same tree another carpenter can make seven chairs the same tree the same amount of wood who is more efficient who is using their resources more carpenter with five or carpenter with seven carpenter with seven that means the carpenter with seven that's that's able to make seven shares out of one tree is using is not wasting resources we can do that that means we have resources that we can use more of the carpenter that only made five chairs that what they're what that means is they wasted a lot of wood for whatever reason they didn't have the ability to make to be as efficient as carpenter a all right that's what the word efficiency means by the way which we'll cover eventually but efficiency is using as much of a given resource as possible yes last year my teacher defined that low cost per unit so it depends how you apply it is this economics or accounting so it depends how you apply the word efficiency but if you look at because really what is it efficient versus productive or efficient versus productive because we use those terms interchangeably efficient means making as much as possible out of a given amount of products it could still apply to what you're saying it's the the definition just now has to do with dollars and cents versus uh the the product how much it cost to make it how much you can make out of a given amount of resources productivity has to do with how much you can produce in a given amount of time okay because efficient and productive a lot of times we use it interchangeably like it's the same term and a lot of times it doesn't matter because we want to refer to both and we're not being specific but if you get specific there are different meanings efficient has to do with making as much as you can with a given amount of resources like a tree productive means making as many chairs how many chairs can you make in an hour so if carpenter a can make one chair in an hour and carpenter b can make three chairs in an hour carpenter b is more productive they can make more in a given amount of time so the difference between those two words we'll come back to these words but it's good to know that there is a difference so the more we can deal with the better we are at producing this how question the better we can deal with the problem of scarcity which means we have more stuff to enjoy okay and it also this all the question also deals with who's going to be producing again we answer this question differently because our system our economic system is a specific type like i don't when you grow up no one's going to tell you you're going to work in this shoe factory you're going to be a doctor and you're going to be a policeman there's nobody telling you that here here what we decide to do is based on what our abilities are and what we want the third question for whom to produce or in other words who gets what we produce things as a society we produce cell phones we produce homes we produce vacations barbers tvs all these things that we produce who gets them who gets to enjoy them this is our most controversial question and who gets what do we all get the same amount same amount yeah it could be that that's how that's how some economies try to answer this question is it the same amount is it based on something else is it based on let's say how much resources you own should be based on that should be should it be based on how much you contribute to society should it be another system should it be by chance let's say random so there's not that there are other there are ways to answer this question we answer it in a specific way and when i say we i mean i am referring to most economies in the world answer the questions the same way that we do here in canada all right there are three general economic systems that answer these questions okay let's look at these three that's what we're going to look at today these three we're gonna look at two today and then you'll watch one later we're going to see all three right now and you're going to watch a video on something else keep in mind these three types of economies don't exist in their pure form okay these are i let's say ideal ideals or they're they're we're going to look at them in their pure form they don't actually exist in their pure form we see mix of mixed different different mix of these in the real world the first one is a traditional economy the second is a command and the third one is a market economy we're going to look at all three of these in detail okay traditional command and market let's look at the traditional economy now i know if you've taken economics by those how many guys in here have taken economy okay if you took your letter that some of these things are gonna be repeats for sure if we have to because grade 11 is not a prerequisite for grade 12. pretty fun okay it's not correct which means i have to go over this stuff for those who are taking econ for the first time so now that being said it's not some things like there's the fact that you're going to see it as the ppf i'm sure you saw that before it's a good handle yeah you use it there and agree as well you're going to see another activity today that you probably did in grade 12 but pretty much after that you're not you're things are going to be different yeah we're going to supply demand but it's going to be way more detailed elasticity and you probably heard of it you might maybe look at elasticity maybe but you definitely didn't go into the formulas for less than okay okay so something it's good that you took it because you're going to have an idea of what's happening what's good but don't sweat it if you didn't because we're doing it as if you have never taken this before right traditionally got it in this type of economy the decision these the answers to these three questions are based on tradition they're based on tradition and custom for example what are we going to produce what are we going to produce very simply answered what we always produce okay if our society if our little village is the village that produces a it grows wheat we're the wheat farmers that's what we're known for what are we going to be producing wheat space custom introduction we're not changing what we produce no that's not how we use things around here around here is what do we always do what's our custom customers to produce wheat that's what we're going to do we're going to produce wheat how are we going to produce it very simple again the way we always produce it the same way we used to how did we grow wheat well in april we started to till the ground we planted the seeds in this fashion in rows and the rows are spread and a half inches apart that's how we're gonna do it again and we plant one seed for every five inches that's exactly exactly how we're gonna do it again because that's how we've always done it we're going to water it two times a day we'll do a traditional harvest prayer on this day and this day and that day let's say the second tuesday of the month and then we harvest in uh on september the 15th every year that's how we're gonna do it why because that's how we always do it who gets what again based on custom whoever how does that custom usually work the more important families will get the most or the first choice of the hearts something like a caste system the chief of the tribe will have the biggest portion and the best portion all the way down to the last peon of the village the last peasant will get the least the scraps like a cast system not too many of these around anymore if you go back a couple hundred years most societies were like this one most of our ancestors lived in this type of traditional economy okay some advantages well there is stability okay there is stability because you don't really have to think too much here we're not we're not trying to figure out what we should do and how we should do it we're not trying to figure out a better way to harvest our crops we're just because we follow tradition we're not trying to change what we make the answer is our three questions are pretty simple so there's stability as long as it lasts as long as you know you don't go to war with another tribe or another village if life is also more spiritual it's based on usually more more spiritual um aspects of life are are highlighted here that's where so most of these societies that still exist today have a great deal of poverty now they may not care they may not care poverty compared to how what we think poverty is right so according to our measures okay but according to our measures yeah they are very important there is no innovation here there is no because change is discouraged so you may have a young farmer 16 year old all of you guys 17 17 year old farmer's son has a great idea of how to plant the crops and hey why why do we do this by hand we can you know attach some of these things to a couple of courses and we can do this faster and gets a swift backhand from dad because you're crazy you're trying to change how we've been doing things for centuries that's crazy change is discouraged first of all there's no real reason to there's nothing to encourage change there is nothing like if the farmer can produce more wheat are they going to get more themselves not necessarily because that's not what determines how much weak they get they have a village and the chief will probably get more weak themselves for sure but that's not how that's not how the answer of the question of who gets what is answered just because you're better at something in this type of society okay so the discourages change you don't find better ways to do things there's no reason to now contrast that with what we see here would you if you could find a better way of doing things if you can build a better mousetrap is there a benefit to you sure there is because then you'll sell more your income will rise and you can use that income to buy a lot of things so there's definitely an incentive for us here in our system to be innovative to come up with new products and better products take existing ones and make it better okay we do have some examples most of them don't exist obviously medieval times medieval europe that was an example of traditional economies uh aboriginals in in north and south america further back you go the more this was caught current examples there are of course there are some tribes in south south america in africa uh one of the most famous ones are the singularly sentinelese or anybody ever heard of the sentinelese they're probably they are apparently the only untouched community in the world they are they live on their own they have no contact with the outside world anybody knows ever hear them that's that's an actual picture of them right here you heard them yeah they they're i think they're off the coast of media right yeah and the indian government has a rules you cannot go to the those islands you cannot approach them if you approach they'll fire arrow values they don't want them they don't want you there because they've had some bad experiences with people that have killed their couple islands and said some reason some of the other islands they were like attacked and i guess that people were killed so they're they're not very friendly so every once in a while though they'll send the boat over to see if they want contact or not okay are they gonna they want sometimes they've traded with them like they've thrown like they've given them some food here and they're off boats um but it's never gone really well so they have a rule don't just leave them alone but they do check up on them once in a while just in case maybe they want to have contact so they do that very interesting it's pretty fascinating i can't think about that people that live in on this island have no idea how the rest of the world is it's crazy google it or youtube it there's a few things on them all right the second the second type of economic system that we're going to look at is the command economy okay think of think of a command economy another word you can you can think of as a planned economy it's a planned economy do we have goods here goods and services that are provided by the government for us yeah can you think of something so specifically the lcbo is a crown corporation it's owned by the provincial government that's right what else does the so they provide a service and they provide a product okay there's a service they don't produce the product they provide the service of selling us the product what do you use okay so i guess most most cannabis stores are provincially owned in ontario and not all and they have some private ones i have no idea what's going on in that industry anymore but something like that yeah the ones that are government owned but there are probably the private old ones too yeah transportation good so the government provides public transportation what else okay healthcare what do you think what else does the government provide for us that they paid for and we paid for it if they provide education education what we got in here anything else there's lots police community centers some of these are federal some of these are provincial some of these are municipal that we're talking about here it's okay they're still government feliz santos firefighters right our emergency services put them all in there what else the mail that's right canada post that's right canada post that's that's provided by the government our postal service what else border services military who builds our roads and our bridges our infrastructure as we call it government okay so we do have a lot of government involvement so there are things that are controlled or planned even in our society we have aspects of a command economy in our in our economy as well okay the key tenants in a command economy is that the state owns everything the state in a command economy is supposed to represent all of us in other words we all together own everything all together but of course we all together can't answer these questions of what to produce so there's a body a government a state that owns all the resources the land and the capital and for all intents and purposes they own the labor too because they control the labor okay so the state controls everything no private ownership okay no property rights people cannot own resources because that would be in their eyes um exploitative so we don't people don't own land because it's owned by all of us they tell us so the state owns the land and controls it all the resources that are on the land capital remember machinery factories businesses all these things are owned by the state because of that the state plans everything everything is centrally planned what will we produce how will it be produced and who gets what think about what that means that they're going to plan all the production it's pretty crazy everything think about you want to produce a car that's say the state decides we're going to produce a thousand vehicles a month okay where are we going to produce it we're going to have to build three factories for that now we have to figure out what we need to build those factories we need this much metal oh we need metal we need concrete okay how many quarries do we need how many people do we need working those quarries to get the the rocks to produce the aggregates to make the cement how many miners do we need to mine for ore to how much ore do we need how many are going to work there how many hours a day where are they going to mine it and to make the steel who's going to shape the that or iron ore into usable beams how many do we need this is all planned people actually sit remember we said at the beginning do people actually sit down at a table and discuss these things in this type of economy yes they do they literally sit down and plan everything we didn't even get to the car park yet we're starting with the factories needed to make the cars then when you have the factories how much how much rubber do we need where are we going to get the rubber from who's going to work in those those that industry to produce the rubber how many people need to work there metal parts electronic parts it's it's crazy the amount of planning is insane which is why it never really works it's just way too complicated so the government decides all the all these three questions the state answers these three questions of what to produce how to produce and who gets what the who gets what parts then who get what who gets what part is is their signature feature it's supposed to be shared equally well i'm using the term equally generally right now because as we know now there is now a difference between equally and equitably without getting into the nitty-gritty okay i bel their system really even though we say income is more equally distributed in a communist system it's actually more equitably distributed meaning if you have a family if you live on your own let's say you're a single individual um you will live in this house that's let's say 400 square feet the states determine this right this is where you live you will work at that factory and you will receive let's say one liter of milk a week a family that has let's say two children in it okay so we have a household of four well they're gonna get a slightly bigger i'll say they're gonna get a 700 square foot house um and then they're gonna get three liters of milk a week okay so they're going to be given more which can be summed up with this phrase right here anybody understand karl marx he's known as the father of communism the father of communism karl marx he wrote um a lot of uh he's a he's the one who came up with this idea evan angle is his partner a sidekick frederick angles das capital that is a book that they put together themselves and what that book describes was this type of utopian society where everybody works together in harmony and they contribute to society what they're able to contribute but no selfishness in the society that's why it's make-believe fantasy land okay it it's a utopia that never will happen not in this life because there's no suffrage this year basically you contribute to society what you're able to contribute you're very smart let's say you're very analytical you'll work in the university you are strong you don't work in the factory you're in the mines you are whatever it is whatever characteristic you have whatever you're better at that's will your work and that's where you're gonna contribute to society and then you'll take from society that the third question who gets what only what you need and no more okay that's what this that's what this little phrase means from each this the state will take from each according to his ability so give to the state what you can what you're able to give like your work your labor and to each according to this need and then you'll get what you need who's this guy stalin who's stalin or what it is ussr the ussr that's right he was the leader of communist russia [Music] remember none of these systems exist in their pure form even pure communism we cannot find pure communism we have something that resembles it so in theory and i'm saying in theory these are the benefits because we don't really have this anywhere we've never seen this where communism has been tried but in theory you're supposed to have a fair distribution of income so you don't have let's say very very few rich people and lots and lots of very poor people okay very few people control almost all the money and then um and then everyone else is there for in theory the very funny and ironic part is that is exactly what you see in communist countries that's the irony of it that's how bad it doesn't work in theory no unemployment well that's not in theory because usually if this in these types of economies if you're getting something from them like if they're feeding you they're going to make you work you're not sitting at home doing nothing you're not going to sit at home for a year until they're not employing their checks it doesn't exist in these economies this they're going to make you work so has no one to play great right so this does actually happen because of course they're gonna make it work production of socially useful products meaning and this is also true this is true that the government can because the government controls the production they'll determine what to produce so typically these types of economies will make things that are will help the economy grow like factories they can focus the production on machinery and and factories they can focus production on military goods to protect their borders they can focus their production on universities and higher learning and let's say a space program and if you look at these communist countries like the most famous one would be china or russia of course russia this is exactly the thing that they do the soviet the so the communist russians the communists the communist soviet union had an amazing very strong army okay right when we had a cold war the u.s had a cold war going on with russia during the 80s because they had they still have i believe the second most nuclear weapons in the world because they were able to focus on production meaning they didn't they weren't producing like selfie sticks they didn't waste their resource on producing selfie sticks or fidget spinners or pedicures and managers they were focused on things that mattered also very very highly educated they had a space program they were the first ones to send a satellite into space so they were able to focus their production of course keep in mind this is happening because people don't have any freedom to pick what they really want they're forcing everybody to do these things so just keep guiding the back of your head all right but this first one the fair distribution of income in theory yes in reality no guess who had all the money the people that were running the state right another good example of communism the most closest one we have today would be north korea so where's the fair distribution of income you look at the details of how that society runs you have the vast majority of people starving and kim jong-un having like maybe 20 limousines what happened to the utopia society where everybody contributes what they can and only takes what they need it never works it never works because people because people the the the way that that would work is if we were all saints and if we were all we don't we didn't weren't selfish just sadly it doesn't exist i'm saying that's a good thing i'm using this how our nature is and when you give people power there's going to be corruption we heard the phrase power corrupts and absolute power corrupts absolutely you heard that one power corrupts people and when you have absolute power like the leaders of these types of countries that can control everything what to produce who gets what this is let's talk about the power well then they they're they get corrupted absolutely disadvantages because it's a planned society mistakes happen because we can plan such a complicated we can figure that out all this production needs to be made for millions and millions of people and when we say planning productions yes some planning productions means okay we're gonna have fewer cars but when you have a planning production in the food supply well now people are going to start to death and guess how people die in north korea start with that the biggest one of the biggest problems they have not enough food because they keep messing up the plan and what do they keep doing every year asking for help from their neighbors asking for help from the people that they're always antagonizing that's usually it's like a it's like a cycle with them they they need help what do they start doing they start sending test missiles they start threatening south koreans they start doing military parades threatening everyone so and then what do they get health and aid from the from the u.s china south korea they get eight and then they stop and then they're okay when they start getting hungry again and north korea is a really pretty they're pretty big i think they're like the third or fourth largest in the world north korea okay why because they focus their production on military goods that's where they focus their production after the fact they kind of gloss over the fact that you know how many other people are starving to death but they do have a strong military okay so planning mistakes when you have a command society command economy inefficient use of resources which means you're not using your resources so their built to the fullest capacity you're wasting resources why because there's no incentive to use your resources efficiently there's an individual that's working in a factory that's making something that individual has no incentive let's say i'll give you a simple example you work in a factory there is no incentive for that person to when they're making their product let's say they're making clothing to not waste the material or to not keep lights on that don't need to be left on not only does that employ not care but the manager of the employee has no incentive to make sure that the employee is doing that even the person who's running the factory why because it's not their factory they don't own it so whether you keep the lights on or not it's not going to affect the amount of money they're getting from the state money meaning the food they're going to be given from the state it won't affect them so there's no incentive for them to go around and make sure that we're not wasting resources which means we waste a lot of resources in these types of societies is there an incentive here sure there's incentives in the factory of course there's incentives because a lot of times the managers the managers salaries and the the vice president salaries that are overviewing these factories their income unfortunately their income is based on how how profitable that unit is so they have something they have a vested interest in to make sure that we're we're being efficient and we're not wasting resources and if they don't the owner of the company definitely has an interest so the owner of the company is going to hire people that will make sure they're doing these things but there's no ownership in this society so they're going there's no incentive you know what the word incentive means right reason to do something there's no reason to do it no freedom different types of freedom but we'll just like break it up into two types there's no economic freedom for sure meaning certainly you can't be can on a business you can't only property when you're going when you go when you're given your rations and you go to let's say the local baked local bakery or or the local clothing store you're not going to find 30 40 different pairs of pants to select from you're lucky if there's two and you're just going to take whichever one you can you're going to go buy orange juice you think you're going to find 70 different types of juices this one's got a little banana in it that one's gonna got a little strawberry in it this one's got some mango in it one orange juice you like it or not no economic freedom also no political feeling you can't speak your mind there's no free speech in these countries you'll speak your mind you'll be punished or you'll be jailed you'll be thrown in a detention center a concentration camp north korea how many concentration camps don't even know how many because if you disagree with the state you're done it's weird because this is supposed to be a paradise we've had money they called marx it was it was supposed to be a utopia like his idea was it's going to be a paradise here we're gonna all live hand in hand and we're just we're not no ownership no evil landowners no evil business owners it's just gonna be all we're all gonna work together we're all gonna own this stuff together work and just take what you need man no more don't worry just i just need some water and some breath that's it no no more and it'll get it and it will work right that's what their idea is they would all work out why would you want to leave a paradise like that all right think about that if there if a paradise like that existed no one would want to leave right in fact you have to probably put up really strong borders so no one comes in because other countries would see this paradise and want a piece of it right again how ironic these societies the people inside aren't allowed to leave i wonder why that is because they all want to leave because it's a living hell yeah that's all so lack of freedom even for the individuals that live they can't leave the country a north korean can't leave the country no a person living in cuba communist cuba can't do the country you're not allowed to leave you can go to one say the border that you want to go there you want to join in on that paradise they'll take you of course they will because you're just another worker for them but they can't leave so that tells a lot right all there let's get some examples we'll look at specifically north korea you will watch a little documentary to get a flavor of the paradise that is north korea that is communism really all right uh who's this guy kim jong-un he's the leader of north korea he took over from his father remember his name kim jong-il um some say he's not even alive right now so say he's in a coma something is dead and then you don't even know he's already passed along some power to his sister that's also raising suspicion that what's going on here okay who's this guy let's take history you don't care i don't know that's a huge mistake you know what they say about not knowing your history you're due to repeat it okay if we are not aware of what communism has caused and what it has caused is hundreds of millions of deaths we don't if we're not aware of what communism communism is how it came about what their beliefs are and what the results are then we're doomed to repeat it and i say that because it's almost right around the corner again it's almost right around the corner hundreds of millions of deaths we have to understand that we have our nature is falling we're never we can never live without being selfish you can never you cannot trust people with that much power over your life it will not end well for you it's never going to happen not in this life this guy is mao zedong he is the father of communism in china he brought coganism to china this is these are communist symbols the fist in the air that's a communist symbol the hammer and sickle that's the khan as a communist i'm sure you see these around even today what's this the cuba flag this is cuba okay these are examples of communism today the ussr the russia is not communist anymore in the 80s in the late 80s they slowly came out of communism and now there are there are a market society of course they still have remnants of this stuff there together think of the mentality and the the people that grew up in these societies how they're other thinking so it's still it's they're still squeezing out that that remainder of the communism in there but it's um so a lot of the eastern european countries were also communists like poland like romania uh east germany um china and north korea but even cuba becoming slowly slowly more but it's still communist but there are some aspects of of free market free markets in cuba as well okay now how about this i'll give you the worksheet it'll be like a break i'll get to the you guys at home you're gonna have to you can just type it right on your right on your download the document just write it there i'll bring you the paperwork and then uh i'll give it to you all i'll give you 15 minutes at 10 30. you know if you're more like a great okay because you can do that at home but i'll give you the sheet at 10 30 i'll do markets i want to just kind of cover markets that we're good okay i'm just gonna get the sheets on the back okay okay people at home at 10 30 i'm gonna i'm gonna restart the video okay i'm just gonna actually i'll leave this on i'm just going to uh stop the recording and then at 10 30 we're going to start again just to give you guys a heads up