The Invisible Hand of Economics

Your selfish choices are secretly helping everyone. It's an idea called the "invisible hand."

When a baker makes bread just to earn money, not to be nice, you still get to

eat. Everyone pursuing their own gain can accidentally create a good outcome for

society. But it's not all good. Sometimes this leads to market failure,

like traffic jams. And every choice you make has a hidden price called "opportunity cost."

The true cost of watching this video is the nap you're not taking. It's all about trade-offs,

and that's basically what economics is.