# Econ Gr10-12 Concepts

Adam Smith's - Invisible Hand - Definition, Theory & Controversies - Explained in One Minute [01:27]

Budget Deficits (Deficit Spending) and Surpluses Defined, Explained & Compared in One Minute [01:10]

Cold War Explained From Beginning to End in One Minute_ Causes_Effects, Timeline and Outcome [01:29]

European Union's Legislative Process (Institutions - Laws)_ Commission, Council & Parliament [01:58]

Pandemics and Complex Global Supply Chains - Supply Chain Complexity Explained in One Minute [01:58]

Statistical Significance, the Null Hypothesis and P-Values Defined & Explained in One Minute [01:59]