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Hayek on Competition and Discovery

4,845 views

Marginal Revolution University

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

  • English (US)

Speech Time:

88%
  • 4:22 / 4:56

Speech Rate:

  • 168 wpm - Fast

Category:

  • Education

Tags :

Intro:

Video Vocabulary

specific

/spəˈsifik/

adjective noun

Concerning one particular thing or kind of thing. medicine or remedy effective in treating particular disease.

qualities

/ˈkwälədē/

noun other

standard of something as measured against other things of similar kind. Features associated with someone or some things.

writings

/ˈrīdiNG/

noun other

activity or occupation of composing text for publication. Things that an author writes, as book or articles.

fundamental

/ˌfəndəˈmen(t)əl/

adjective noun

forming base or core. central rule or principle.

perfect
adjective noun verb

So good it cannot be improved. perfect tense. To do something so well, it cannot be done better.

particular

/pə(r)ˈtikyələr/

adjective noun

Being special or more than is typical. individual item.

because

/bēˈkəz/

conjunction

for reason that.

economists

/əˈkänəməst/

noun other

expert in economics. People who studies economics.

different

/ˈdif(ə)rənt/

adjective

Not of the same kind; unlike other things.

complete

/kəmˈplēt/

adjective verb

Being as perfect and as total as could be. finish making or doing.

example

/iɡˈzampəl/

noun verb

thing characteristic of its kind. be illustrated or exemplified.

starting

/stärt/

verb

To do, be or happen for the first time; begin.

farmers

/ˈfärmər/

noun other

person who owns or manages farm. People who operates a farm.

consider

/kənˈsidər/

verb

think carefully about.

meaning

/ˈmēniNG/

adjective noun verb

expressive. Idea or thing represented by words or sentences. To have a particular intention or value.

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