💲 Why Wages Differ Between Countries? | 2 Main Factors

Why Wages Differ Between Countries? Why person doing the same job earns more in one country than in the other country?
Learn Austrian Economics in a fun way!

LINKS
BLOG: https://econclips.com/why-wages-diffe...
ANIMATIONS: https://toin.pl/en/
Opportunity Cost ▶ https://econclips.com/opportunity-cos...
Supply and Demand ▶ https://econclips.com/supply-and-demand/

SUPPORT our project: http://bit.ly/2fgJR9e

Visit our website: http://econclips.com/
Like our Facebook page: http://bit.ly/1XoU4QV
Subscribe to our YouTube channel: http://bit.ly/1PrEhxG

00:00 Why there are differences in wages between countries?
00:22 Why is work more efficient in some counties?
03:00 How opportunity cost can raise wages?
06:15 Summary

★★★★★★★★★★★★★★★★★★★★★★★★★★

Music on CC license:

Kevin MacLeod: Home Base Groove – na licencji Creative Commons Attribution (https://creativecommons.org/licenses/...)
Źródło: http://incompetech.com/music/royalty-...
Wykonawca: http://incompetech.com/

★★★★★★★★★★★★★★★★★★★★★★★★★★

#Economics #Capitalism #Finance
#EconClips

Econ Clips is an economic blog. Our objective is teaching economics through easy to watch animated films. We talk about variety of subjects such as economy, finance, inflation, money, investing, monetary systems, financial markets, financial institutions, cental banks, wealth, financial crises and business cycles. If you want to know how the economy works and understand why it works this way - join us on econclips.com and learn Austrian Economics in a fun way!









Relevant Tags:
econ clips, econclips, austrian economics, austrian school of economics, capitalism, free market, differences in wages, why wages differ, why people earn more in developed countries, accumulation of capital, work efficiency, opportunity cost, economics, economics explained, market inflation, price index, macroeconomics, economic crisis, economic crisis 2022, 2022 economic crisis explained, finance