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A beautiful sleek black cat......❤❤ so pretty....😊😊😊

This video taught me about judgments and attributions and that judgment regards a person's motives or personality as a perceived explanation for the cause of a person's performance - Tristan Ewing

Effective communication and listening skills are essential for fostering collaboration and teamwork. Clear and open communication ensures that team members fully understand their roles, responsibilities, and objectives. It facilitates the exchange of ideas, feedback, and information, promoting innovation, problem-solving, and more informed decision-making. Additionally, active listening enables team members to understand one another's perspectives, build trust, and collaborate more effectively toward shared goals. - Tristan Ewing

This video taught me that leaders must understand how they are perceived by others. Leaders can achieve this by actively soliciting feedback. There are three distinct types of feedback orientations. An avoidant orientation involves accepting input while striving to avoid failure and negative evaluations from others. -Tristan Ewing

This video taught me how significant business strategies are and how they influence the company's competitive actions. This taught me that being knowledgable on the four generic strategies help businesses find their target market and increase their sales.

I learned that utility is maximized when consumers allocate resources efficiently, optimizing the balance between marginal utility and price. This occurs when the marginal utility per dollar spent is equal across all goods, ensuring the budget is used to achieve maximum satisfaction.- Tristan Ewing

learned that substitution effects, it often positively effects the consumer allowing them to save money on the purchased good or service. - Tristan Ewing

I learned about Indifference curves in this video. They illustrate consumer preferences by showing combinations of two goods that provide equal utility, factoring in budget constraints. Budget constraints define the maximum combinations of goods a consumer can afford. The relationship between income and spending limits is pivotal. Consumers must navigate their choices within these constraints to maximize utility. - Tristan Ewing

I learned that the utility-maximizing solution occurs when a consumer, within their budget constraints and given prices, selects the combination of goods and services that provides the greatest satisfaction or utility. - Tristan Ewing

Good day, Dr. Pelly. Money market equilibrium occurs when the demand for money equals its supply, determined by the interest rate. At equilibrium, the amount of money supplied matches what individuals and businesses are willing to hold. If the interest rate is too high, there is excess supply, and if too low, excess demand arises. Market forces adjust the interest rate to restore equilibrium. - Tristan Ewing

I learned that bonds are like loans sold by the issuer to the bondholder. Discount bonds are similar to government savings bonds, but ownership is determined by who holds the bond at maturity. The face value represents the bond's value at maturity, and I also learned the formula for calculating bond interest rates. - Tristan Ewing

I learned that monopolies are often characterized by their control over infrastructure and high prices. Factors such as location, advertising, and pricing play a significant role in determining which businesses dominate a specific market segment. These variables help monopolistic firms maintain their market power and limit competition. - Tristan Ewing

This video was very informative, I learned there were three categories of unemployment. Frictional unemployment occurs because it takes time for employers and workers to find each other. Structural unemployment results from a mismatch between worker qualifications and the characteristics employers require. And, cyclical unemployment is unemployment beyond the natural level of unemployment that results from business cycles. - Tristan Ewing

Hello Dr. Pelly, unemployment occurs when individuals willing and able to work cannot find jobs. It is measured as a percentage of the labor force and can result from factors like economic downturns, skill mismatches, structural changes, and seasonal variations. As a key economic indicator, unemployment highlights labor underutilization and its social and economic impacts.- Tristan Ewing

The video explained that in a competitive market, no single buyer or seller has enough power to influence prices or demand and supply factors. It also clarified the concept of competitive markets, building on the basic understanding I had from high school. - Tristan Ewing

The video explored consumer choice, focusing on how individuals make decisions based on factors like price, quality, preferences, and budget constraints to maximize satisfaction. It highlighted the distinction between total utility, which increases at a decreasing rate, and marginal utility, emphasizing how the slope changes as utility levels out. - Tristan Ewing

While watching this video, I learned about the "economist's toolkit"-a set of concepts, theories, and models used to analyze economic issues. Tools like supply and demand models, trade-offs, optimization, and equilibrium help economists study how consumers, firms, and governments allocate scarce resources. The video showed how these tools provide insights into incentives, constraints, and interactions among economic agents. I now understand how methods like optimization, game theory, and comparative analysis help explain, predict, and evaluate market and policy outcomes, making the economist's toolkit essential for understanding economic behavior.- Tristan Ewing

I learned about optimization, opportunity costs, and marginal decision-making. Microeconomics focuses on the choices made by individuals, organizations, and markets, while macroeconomics explores entire markets and their impact on individual well-being. The clear examples of marginal decision-making were especially helpful in clarifying the concept. - Tristan Ewing

I learned that economics is a social science centered on human behavior and decision-making, examining how individuals and societies allocate limited resources to meet unlimited wants. Economists analyze these decisions, which often involve trade-offs-choosing one option at the expense of another-where concepts such as scarcity and opportunity cost are essential. - Tristan Ewing

I learned that a lack of innovation can hinder economic growth. Additionally, customer satisfaction serves as a key driver of economic growth, along with the expansion into new markets. International trade is another significant contributor to economic growth. Moreover, well-defined property rights play a crucial role in sustaining a healthy economy. This video effectively highlights the major drivers of economic growth and emphasizes their importance. - Tristan Ewing

I learned the labor market influences economic growth by impacting the aggregate production function and the long-run aggregate supply curve. Changes in labor market equilibrium, combined with shifts in the production function, can significantly affect overall economic output. - Tristan Ewing

I've gained an understanding that economic growth signifies the expansion in the production and consumption of goods and services within an economy over time. It's quantified by the growth rate of Gross Domestic Product (GDP), which reflects the total value of all goods and services produced within a country's borders during a specific period - Tristan Ewing

I learned that the production possibility curve is used in economics to show the "pros and cons" between two goods or services in an economy. - Tristan Ewing

I learned that a business and/or economy has a comparative advantage when it can produce a good/service more efficiently than a competitor. - Tristan Ewing

I learned that financial capital is different from capital. Economists refer to capital as capital stocks. Capital stocks are anything that helps the business, so buildings, trucks, etc. - Tristan Ewing

I learned that it is an economic model that helps people/ firms/ economies decide to use their resources effectively in order to produce goods/ services. - Tristan Ewing

I learned about surplus and shortages. Surplus means that you have more supply than demand and shortage means that there is more demand than what is supplied. - Tristan Ewing

This video taught me about supply and quantity supplied, where producers sell specific amounts at certain prices. The law of supply shows a direct relationship between price and supply. - Tristan Ewing

Thank you for the detailed description of demand shifters; it helped clarify the concept and made it much easier to understand how different factors can influence demand. - Tristan Ewing

This video taught me about the key difference when we talk about 'demand' and 'quantity demanded' as demand represents the whole curve whereas quantity demanded means the specific amount of goods/services at a particular time. - Tristan Ewing

Thank you so much, Dr. Pelly, for summarizing Chapter 2 and connecting it to the concepts of markets in Chapter 3. This video taught me that markets are the institutions that bring buyers and sellers together to trade goods and services. I learned that a decentralized market is a structure in which no single entity controls the entire market. - Tristan Ewing

This video gave a lot of good information of revenue codes and helped me learn a lot of how they work - Tristan Ewing

I learned that technology transferring is the sharing of knowledge to improve production

Good evening professor this video helped me learn about the financial market and this it is a market in which people trade financial securities at low costs - Tristan Ewing

A values statement defines the fundamental principles and beliefs that shape a company's decisions, actions, and overall culture. - Rohan Upadhyay

Great introduction! - Rohan Upadhyay

What a fascinating perspective! Social entrepreneurship brilliantly merges the drive for profitability with a commitment to making a meaningful social impact, forging a powerful synergy between purpose and business innovation. - Rohan Upadhyay

I found your insights in the video particularly compelling. The idea of entrepreneurship emerging "out of nothing" highlights the perception of entrepreneurs as inventive geniuses who craft groundbreaking ideas that leave customers wondering, "How did they think of that?" This framing positions entrepreneurs as modern-day inventors, pushing the boundaries of creativity and innovation. However, the challenge with this type of entrepreneurship lies in timing-introducing a bold, innovative concept can sometimes clash with a society or technology that isn’t yet ready to embrace it. - Rohan Upadhyay

Hearing the different perspectives on what defines entrepreneurship was incredibly insightful. Each of the popular definitions offered a unique lens through which to understand the essence of entrepreneurship. A recurring theme across these interpretations was the concept of opportunity. I strongly agree that entrepreneurial opportunities often emerge as a blend of discovery and creation. - Rohan Upadhyay

I believe entrepreneurship information should be more common knowledge in this day and age, where creativity has become a key resource amidst all the AI revolution. Thank you for the video Dr. Pelly! - Rohan Upadhyay

I agree with the opinions shared in this video, as I believe the Plus Zone Challenge could and should be incorporated across various fields of education. It’s logical to empower students to take what they’ve learned in class and apply it in their own way to real-world scenarios. This video also helped me realize that having experience in a field doesn’t necessarily make someone an effective teacher in the classroom. -Rohan Upadhyay

Entrepreneurship is a highly nuanced subject and a distinctive career path that requires both adaptability and insight. This makes the questions of whether it can be taught and who should learn it particularly relevant. -Rohan Upadhyay

I find it fascinating how technology entrepreneurship has become so accessible, allowing individuals from diverse backgrounds to make a mark in the industry. The playlist truly challenged the traditional stereotypes associated with tech entrepreneurs. -Navaraj Panday

Social entrepreneurship is a fascinating concept that combines the drive of business with a genuine desire to make a positive impact. It's inspiring to see how these ventures are addressing unmet social needs, creating a ripple effect that benefits entire communities. -Navaraj Panday

Intriguing perspective on innovation! It's refreshing to see how existing concepts evolve into groundbreaking inventions, challenging the notion of starting from absolute scratch. -Navaraj Panday

I love this analogy! It perfectly captures the essence of serial entrepreneurship, which is all about embracing new opportunities and constantly evolving. It's like being a cereal entrepreneur, always experimenting with different flavors and brands to find the next best thing. -Navaraj Panday

Innovation flourishes when employees feel empowered to challenge established norms and contribute their unique perspectives. Organizational entrepreneurship fosters a culture where every voice is valued, leading to more innovative and effective outcomes. -Navaraj Panday

Fascinating how intrapreneurship can breathe new life into established companies, allowing them to explore uncharted territories and foster innovation from within. -Navaraj Panday

Inspiring insights! It's fascinating how prosaic entrepreneurship highlights the potential of leveraging our daily routines and untapped skills to create meaningful and profitable ventures. The examples provided truly demonstrate the transformative power of embracing one's interests and seeing them through an entrepreneurial lens. -Navaraj Panday

Family businesses are a unique and important part of the entrepreneurial landscape. They offer a great opportunity for individuals to learn the ropes of business from their family members and to continue the legacy of their ancestors. -Navaraj Panday