Episode 16: Profits and Competition

FromThe Science of Everything Podcast

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Episode 16: Profits and Competition

FromThe Science of Everything Podcast

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Length:

39 minutes

Released:

Mar 6, 2011

Format:

Podcast episode

Description

A discussion of the importance of the profit motive and freedom of competition in the efficient operation of a market economy. Includes an overview of the uniformity of profit principle, and an examination of how competition serves as both an opportunity and a disciplining agent for entrepreneurs and firms, thus promoting useful innovations while weeding out bad ideas.

Released:

Mar 6, 2011

Format:

Podcast episode

Titles in the series (100)

Here I discuss a variety of topics in both the natural and social sciences, exploring the many fascinating insights that the scientific method yields about the world around us.

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Episode 4: The Origin of Life: An overview of current theories about how life arose from non-living matter, including an overview of the conditions on early earth, definitions of life, the source of organic monomers, the mechanisms of polymerisation of these monomers, and the possible... by The Science of Everything Podcast
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Episode 8: The Atom: An examination of the atom, beginning with the origin of the concept in ancient Greece, and its subsequent development as a truly scientific idea in the 19th century. I explain the various important contributions made to the field by Thomson, Rutherford,... by The Science of Everything Podcast
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Episode 16: Profits and Competition: A discussion of the importance of the profit motive and freedom of competition in the efficient operation of a market economy. Includes an overview of the uniformity of profit principle, and an examination of how competition serves as both an opportunity... by The Science of Everything Podcast
39 min listen
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Episode 15: Chemical Bonding: An overview of how atoms bond together to form different chemical substances, including a discussion of the tree main types of bonds (covalent, ionic and metallic), and the relationship of these bonding types to the concept of electronegativity. I also d... by The Science of Everything Podcast
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41 min listen
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Episode 16: Profits and Competition

Episode 16: Profits and Competition

Description

Titles in the series (100)

More Episodes from The Science of Everything Podcast

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