When I talk about capacity in this video, I'm speaking in very general terms.

Gross national product is a nation's total output of goods and services as measured in monetary value.

But in a service based economy like we have here in the U.S. and like we have in a lot of Western societies, most of our real capacity for what we produce, or our GDP, is service based, because we're a service based economy.

Service economy is a useful labor that does not produce a tangible commodity.

Gross national product is a nation's total output of goods and services during a given period of time as measured in monetary value.

I learnt many things here.

Mass production?

Service industries include communication, transportation, distribution, finance and a host of other areas which do not involve production of goods.

A country's gross domestic product (GDP) is the value of all the services and goods that are produced, processed and then sold within one country, in one year.

And, In the end, that actually leads to inflation.

Gross National Product is not the same as Net National Product.

Life was very small for most people.

An internal service error has occurred

GDP says look, if it was produced inside the country, we don't care who it's been produced by.

And then on the horizontal axis quantity, produced.

Why didn't they put it into production?

Services

Services

Service

Service

which I find is somewhat ironic.

Society's problems can't be solved until they're identified.

So you wouldn't count the Canadian. But you would include the American who's making money overseas.

Now let's say I can take this 20 thread and I'll stay with white I can take this 20 thread and I could throw in some more labor

But that's not how much income we made, because there was a

We've got to reveal the dangers in the product.

And as an economist, we can also look at that side of the story. These are people who are productive agents in the economy.

Just smart people moving bits. Different rules.

2006 was a great year.

Landscape Service

Service ID

Last. fm Services

Service Info

Services

telnet service

The Service Droids!

Customer service.

And to understand it, let's think about how jeans might be produced.

They had their entire lives ahead of them birthdays, graduations, weddings, kids of their own.

What's the most important things you need to do for the business to make the business model work.

Or, another way to think about it is the cost of production.

Four decades later, the world consumes between three and six barrels of oil for every one that it finds.

Production was centralized in assembly plants.

National message. Targeted individuals.

They were going to produce 1,000 cars a day.