Please note your children or grandchildren may enjoy and learn from these videos!-

Aggregate demand and Supply—These developments will increase aggregate Demand and Supply–Making world supply of goods cheaper for all–technology applied to shipping and air—–

Fascinating for whole family–World’s largest container ship Emma Maersk (and they are now building an even larger one!) – watch as little or as much as you want of this Emma Maersk video- https://www.youtube.com/watch?v=wgHqzv-Pxss

It was the Maersk ship Maersk Alabama that was highjacked by pirates, and which story was made into movie Captain Phillips with Tom Hanks. I do recommend this movie. Trailer for movie https://www.youtube.com/watch?v=_3ASoBrFGlc

Arctic sea lanes opening to world commerce because of global warming – transportation costs cheaper for shorter routes http://www.youtube.com/watch?v=pPwJAgAaLvoPutin/Russia plants Russian flag on floor of North Pole claiming it and all its riches for Russia! (like Columbus in the New World!) https://www.youtube.com/watch?v=YujsRuN3PK8

Answer preview

Emma Maersk is involved in the shipment of various commodities forms various sources to different destinations. Ideally, this represents the idea of nation’s demand and supply of goods (www.youtube.com). Having more advancement and development of this kind increases aggregate Demand and Supply. This, in turn, makes the number of goods less expensive due to the use of technology in shipping and air travel. Total demand is used by economist to mean the overall products…

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