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What is a market?
Manage episode 298719884 series 2963994
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01:30 - A market is nothing more than an environment in which buyers and sellers can come together to buy whatever they please for whatever price they agree upon.
03:42 - Analogy of the farmer's market
06:37 - We are complex individuals with individual wants, needs and abilities. But the market allows us to make a free decision with another unique individual.
11:22 - An example where the market does not exist: The US Medical System. The healthcare system is terrifying to most Americans because we have no way of knowing what something will cost until after the fact. It deprives us of freedom
14:13 - The stock market SHOULD still be an open free market, but institutions have major advantages over individual investors like us.
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