Scarcity and rivalry | Basic Economic Concepts | Microeconomics | Khan Academy

June 27, 2020



This video discusses two closely related ideas in economics: scarcity and rivalry.

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AP(R) Microeconomics on Khan Academy: Microeconomics is the study of individual decisionmakers in an economy, such as people, households, and firms. Learn how markets work, how incentives drive decisionmaking, and how market structure influences market outcomes. We hit the traditional topics from an AP Microeconomics course, including basic economic concepts, markets, production and costs, profit maximization perfect competition, imperfectly competitive market structures, game theory, factor markets, and income inequality.

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All Comments

  • His voice sounds like 'Bane'

    Usman bin Abdur Rasheed June 27, 2020 11:41 pm Reply
  • What about water

    luxurybargains market June 27, 2020 11:41 pm Reply
  • Learning economics was interesting ,i also learned about the four factors of production .Now I am an enterpreanuer to work on construction area and I am also an Economist ,but i need to learn economics and to specialize on.i follow you on my twitter page .thank you

    Bereket Alemu rago June 27, 2020 11:41 pm Reply
  • Are roads really rival goods? 5:36 …let's talk about the volume of traffic — ie, number of people or cars — as a function of speed†, perhaps? That's like increasing the supply. Conversely, when the speed is decreased artificially, either by speed limit or by an accident, then the number of people and cars who can use the road will be reduced.
    ( † and following distance — which is best measured as time, such as a number of seconds between cars, rather than distance.)

    Tristan Morrow June 27, 2020 11:41 pm Reply
  • We live in the age of abundance, every indicator has been on the rise, look and you shall find

    Solehin Sabtu June 27, 2020 11:41 pm Reply
  • Great!

    The Science Man June 27, 2020 11:41 pm Reply
  • Upload complete videos lecturers for M.A,M.Sc Economics.

    Abdul Razzaq June 27, 2020 11:41 pm Reply
  • Love to hear your explanations while working Khan. Thanks

    Joe Pauli June 27, 2020 11:41 pm Reply
  • Scarcity exists for ALL goods and services

    Mohammed Shaker June 27, 2020 11:41 pm Reply
  • Pls don't make rivalry with Khan academy

    Sudheera Y S June 27, 2020 11:41 pm Reply
  • I love khan academy

    sandeep saini June 27, 2020 11:41 pm Reply
  • I ❤️ you Khan Academy

    nikita _ June 27, 2020 11:41 pm Reply
  • thanks!

    Zadem June 27, 2020 11:41 pm Reply

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