Chickenomics

The Market Economy being a market means that everywhere a transaction is made or every where a product or service is bought or offered. aracteristics of a Market Economy are introduced to answer that question. The Chicken and all his jokes make the subject of economics more interesting. After he raises the price another man comes and starts selling better chicken dolls for cheaper. The length of the video is also a very good choice by the director and producers. *** The third characteristic of a Market economy is consumer sovereignty. This makes the video interesting and requires the viewer to give his full attention throughout the video. To explain why this is such a good thing in the economy the video uses the example of the Chicken selling chicken dolls. This means that each person is free to pursue whatever job or position in the market he desires.

In conclusion, Chickenomics is a very good way to learn the five basic characteristics of economics.

This video is an original way of introducing the basic concepts of economics. Making the video short and using the Chicken as examples keeps grabs the attentions of the viewers throughout the movie. This means that the market is controlled by consumers and that only the products that the consumers want are produced. This means that labor and other types of resources are government protested ownerships.