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Description:
AP Microeconomics 1.3 Basic Economic Concepts. Which of the following is not a factor of production for Google?
Transcript
- 00:00
Thank you We sneak And here's your shmoop du jour
- 00:05
brought to you by google But let's not tell being
- 00:08
about it Uh this can just be our little secret
- 00:10
Okay Which of the following is not a factor of
- 00:13
production for google And hear the pencil answers Bill i've
Full Transcript
- 00:19
been working on a coal mining going down town Yeah
- 00:23
divo ask your parents Great old right Yep This is
- 00:26
how google makes an algorithmic search A lot of people
- 00:28
don't realize it but it's a factory of coal miners
- 00:31
who just banging on things and then like words come
- 00:33
out quite er google doesn't do any of that but
- 00:36
it does use labor These guys it has entrepreneurship and
- 00:41
not just any entrepreneurs The most financially successful entrepreneurs Uh
- 00:44
well pretty much ever they've got capital and land don't
- 00:48
believe us I'll check out the google plaques rumor has
- 00:50
it it can fit the entire state of texas in
- 00:52
the basement Well all of these are factors of production
- 00:56
or things that let googlers google what's not a factor
- 01:00
of production The people who use or consume the algorithms
- 01:04
that google publishes Well the users are a factor of
- 01:08
consumption we'll play not this kind So yeah our answer
- 01:12
is c so are you one of those people who
- 01:13
thinks that technological advancements are going to save the world
- 01:17
If so you're probably wearing rose colored google goggles which
- 01:21
probably will be an actual thing in a couple of 00:01:22.916 --> [endTime] years
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