01 October 2022
Professor Fungible has been teaching his generation to identify if something is fungible or not. Fungibility is defined as an economic measure. Economics is an element that affects every area of life. In the video series, Professor Fungible explains that fungibility has a lot to do with the way we think about things. Professor Fungible explains we should not be fooled by our ideas about money, goods, and services. Professor Fungible teaches in a cute fashion with drawings and animations underpinning his explanation of how our minds work and how situations work and where these apply to economics. Professor Fungible has more than one video episode where he teaches how we should not be fooled by our ideas about money, goods and services.
Before Professor Fungible's video series on fungibility, it was near impossible for people to identify if something is fungible or not. People would often use the term without knowing what it means and misuse it in daily conversation.It's important for people to know the definition of fungibility, because it's an important economic measure. Economics has a lot of influence on life.Watch the video series now, Professor Fungible will explain whether something is fungible or not and why this is important in a refreshing and insightful way! Learn more about economics in just 5 minutes of your time!
The food in the colony has been scarce for a long time. So, when the monthly relief food arrives, the people are on edge. They line up eagerly to get their share of what is rightfully theirs. This year, a new type of genetically engineered corn was sent from Earth and was labeled “critical” priority. The colony had been eating traditional types of corn for years and were most likely immune to it; however, because this corn is originated from Earth, they were not safe from contamination. The people were told that any contamination could be met with repercussions and their whole colony put at risk. The colonists eat their share of the food that night feeling both relieved that they finally have more food and also nervous about possible contamination. Some start losing their teeth as soon as they go to bed due to bone loss brought on by malnutrition and are in dire need of medical intervention to save them. Others start vomiting violently in the middle of the night – a telltale
The colonists don't know why this corn is more important than the other food they receive, it's just more scarce. The people are being kept in the dark and they're starving.Every year, the relief food arrives and every year it's worse than before. The colonists always get their share, but not enough to make a difference for any of them, so when word spread that this new corn was to be given away first, resentment started to grow. The people are starting to lose hope that the Earth will ever send enough relief food for everyone.The corn has been engineered from Earth with a revolutionary gene-splicing technology that can produce a high yield with little farm land or water. The new corn will make the colony self-sufficient and will be able to provide for itself for years to
In the year 2030, cryptocurrency and blockchain technology has changed the world. The new currency, Bitcoin, is widely used. The blockchain is a digital ledger that records transactions across many computers, creating a decentralized record that can be accessed from any computer. This ledger eliminates the need for a third party: not just banks, but bureaucracy of all sorts. From voting to keeping your personal data in one place. The only way for this system to work is if everyone agrees to abide by the rule of consensus. The technology has been hailed as opening up possibilities never before seen in our society. It's already changing the landscape of government and finance... There are new levels of anarchy in business and law. The rate at which we can share information has increased exponentially... Yet it's true that while some people with internet access have benefited from this revolution, many others have either been left out or exploited outright by those who have control over transactions on their behalf.
As Bitcoin is becoming a household name, many are still in the dark about this new currency.Cryptocurrency and blockchain technology has the potential to change the way we do business and communicate with one another. The blockchain eliminates third party interference in transactions and leads to major changes in how society operates.Get ahead of the curve by investing in Bitcoin now! Google has already taken steps towards integrating the currency into its payment system. If you get in early enough on Bitcoin, you could potentially be sitting on a goldmine of wealth.
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