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AP Microeconomics 1.3 Basic Economic Concepts
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AP Microeconomics 1.3 Basic Economic Concepts. Which of the following is not a factor of production for Google?

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AP Microeconomics 1.3 Basic Economic Concepts 213 Views


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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

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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