1.2. Economic in The New Digital Way
Summary
TLDRThe video script discusses the impact of new digital economy on economic challenges such as scarcity and capital accessibility. It highlights the role of technology in creating alternative financing platforms, enhancing welfare through job creation, and influencing consumer behavior. The script also touches on the concept of optimal marginal output with zero marginal cost in the era of Industry 5.0, which can lead to increased societal welfare and consumption levels. It further explains how technological advancements can affect supply and demand dynamics, potentially leading to higher demand and prices. The discussion concludes with the significance of Industry 5.0 in meeting fluctuating demands efficiently.
Takeaways
- 🌐 The new digital economy is poised to address economic challenges such as scarcity and the ease of obtaining capital through alternative financing and investment platforms.
- 🚀 Technological evolution is enhancing welfare by creating new job opportunities and influencing consumer behavior, which can increase an individual's reference level or interference.
- 🔄 The minimization of trade-offs between different parties is facilitated by social capital, which is integral to the dilemma between marginal output and marginal cost.
- 💡 In the era of Industry 5.0, it's possible to achieve an optimal marginal output with zero marginal cost, revolutionizing economic theory.
- 📈 The development of data-driven technology influences societal consumption patterns and inclusive impacts, leading to an increase in societal welfare.
- 📊 Aggregately, this can boost consumption levels within a country, potentially raising demand and, consequently, prices for goods and services.
- 📈 The script illustrates how technological evolution over time impacts societal welfare, leading to a short-term increase in demand and a shift in the aggregate demand curve from output 1 to output 2.
- 🏭 Industry 5.0, with its use of technology and data mastery, can quickly respond to fluctuating demand, making it easier to increase supply from output 1 to output 2.
- 🌟 Businesses that emphasize significant social impact play a crucial role in the new digital economy, potentially leading to substantial shifts in supply and demand dynamics.
- 🔗 The interplay between technological advancements, social capital, and the pursuit of optimal economic outcomes is central to the concept of the new digital economy discussed in the script.
Q & A
What is the main topic discussed in the script?
-The main topic discussed in the script is the evolution of the economy in the new digital era, focusing on how technology can provide solutions to economic challenges such as scarcity, capital acquisition, job creation, and consumer behavior.
How does the script suggest technology can solve economic problems?
-The script suggests that technology can solve economic problems by offering alternative financing platforms, creating new job opportunities, enhancing consumer behavior, and minimizing trade-offs through social capital.
What is the relationship between technology and marginal output and cost in the era of Industry 5.0?
-In the era of Industry 5.0, technology allows for the creation of optimal marginal output with zero marginal cost, which is a significant shift from traditional economic theories.
How does the script link technological development to societal welfare?
-The script links technological development to societal welfare by suggesting that advancements in data control and technology can lead to inclusive impacts, which in turn increase societal welfare and consumption levels.
What is the impact of technology on consumer behavior according to the script?
-According to the script, technology influences consumer behavior by shaping consumption patterns and is accompanied by inclusive impacts that result in an increase in societal welfare.
How does the script explain the effect of increased demand on prices?
-The script explains that an increase in demand for goods and services typically leads to higher prices, as depicted in the shift from output 1 to output 2 in the economic illustration.
What role does Industry 5.0 play in meeting the fluctuating demands of the market?
-Industry 5.0 plays a crucial role in meeting fluctuating market demands by being able to respond quickly with zero marginal cost, thus enabling a rapid increase in supply to match demand.
How does the script define the concept of 'new digital economy'?
-The script defines the 'new digital economy' as an economic paradigm where digital technologies and data mastery are pivotal in shaping economic activities, addressing challenges, and enhancing societal welfare.
What is the significance of social impact in the context of the new digital economy discussed in the script?
-In the context of the new digital economy, social impact is significant as it influences the level of societal welfare, which can drive consumption levels and overall economic growth.
How does the script envision the future of the economy with the continuous evolution of technology?
-The script envisions a future economy where continuous technological evolution leads to increased societal welfare, higher consumption levels, and a more responsive industry capable of meeting market demands efficiently.
What does the script imply about the balance between supply and demand in the new digital economy?
-The script implies that in the new digital economy, the balance between supply and demand can be better achieved through the use of technology and data mastery, which allows for a more flexible and responsive supply chain.
Outlines
🌐 The Evolution of Digital Economy
The paragraph discusses the impact of technology on the economy, particularly how it addresses economic issues such as scarcity and the ease of obtaining capital. It mentions the rise of alternative financing and investment platforms, job creation, and consumer behavior that can enhance individual welfare. It also touches on minimizing trade-offs between parties through social capital. The concept of optimal marginal output with zero marginal cost in the era of Industry 5.0 is introduced, which could lead to an increase in societal welfare and consumption levels. The script also explains how technological advancements can influence consumer patterns and aggregate demand, potentially leading to higher prices as demand increases.
Mindmap
Keywords
💡Digital Economy
💡Technological Evolution
💡Scarcity
💡Capital Acquisition
💡Alternative Financing
💡Investment
💡Welfare Improvement
💡Consumer Behavior
💡Social Capital
💡Marginal Output and Marginal Cost
💡Industry 5.0
Highlights
Introduction to the topic of the new digital economy and its impact on economic evolution.
Technology's role in solving economic problems such as scarcity and capital accessibility.
The emergence of alternative financing and investment platforms.
Improvement of welfare through the creation of new job opportunities.
Enhancement of consumer behavior and its impact on individual reference levels.
Minimizing trade-offs between different parties through social capital.
The dilemma between marginal output and marginal cost in the era of Industry 5.0.
The potential for optimal marginal output with zero marginal cost.
How the development of data mastery technology influences societal consumption patterns.
The inclusive impact leading to an increase in societal welfare.
The aggregate effect on consumption levels in a country and its economic implications.
The relationship between increased demand and rising prices in an economy.
Illustration of the demand curve for goods and services in a specific economy.
The short-term impact of technological evolution on societal welfare and demand.
The shift in the aggregate demand curve from output 1 to output 2.
Challenges in the supply side of Industry 5.0 without the use of technology and data mastery.
Industry 5.0's ability to quickly respond to demand fluctuations with zero marginal cost.
The significant role of businesses focusing on social impact in Industry 5.0.
The potential for supply to increase from output 1 to output 2 in the short term.
Conclusion of the discussion on the new digital economy concept.
Transcripts
Hai assalamualaikum masih What is the
new digital ekonomi dimana pada kali ini
kita akan membawakan topik mengenai
ekonomi in the new digital weight
evolusi teknologi yang terjadi pada saat
ini mampu untuk memberikan solusi bagi
semua permasalahan ekonomi tentunya
seperti scarcity atau kelangkaan lalu
juga kemudahan untuk memperoleh Capital
dengan Tersedianya berbagai macam
platform alternatif pembiayaan dan juga
investasi lalu juga peningkatan
kesejahteraan melalui penciptaan
penciptaan lapangan kerja baru perilaku
konsumen yang dapat meningkatkan tingkat
referensi seseorang atau interferensi
seseorang dan juga meminimalkan trade
off antara satu pihak dengan pihak yang
lain melalui sosial Capital dan juga
tidak lepas kepada Dilema antara
Marginal output dan Marginal cost di era
5.0 memungkinkan untuk menciptakan
Marginal output yang optimun optimum
dengan Zero Marginal cost
bila kita hubungkan dengan teori ekonomi
yang kita kenal sekarang ini
Perkembangan teknologi penguasaan data
akan mempengaruhi masyarakat dalam
menentukan pola konsumsinya yang
disertai dengan pengaruh inklusif yang
mengakibatkan tingkat kesejahteraan
masyarakat meningkat maka secara agregat
atau keseluruhan Hal ini dapat mendorong
peningkatan tingkat konsumsi masyarakat
dalam suatu negara bila hal ini terjadi
maka permintaan akan meningkat biasanya
bila permintaan akan barang dan jasa
meningkat maka akan disertai dengan
harga yang akan menjadi lebih mahal
pada tampilan berikut diperlihatkan
gambar tingkat permintaan barang dan
jasa di suatu perekonomian tertentu
Dimana tingkat harga rata-rata barang
dan jasa yang dijual di perekonomian
tersebut adalah sebesar p maka jumlah
permintaannya adalah sebanyak output 1
dengan adanya evolusi teknologi dari
waktu ke waktu yang akan berdampak
kepada tingkat kesejahteraan masyarakat
yang meningkat terjadinya sosial impact
maka dalam jangka pendek akan
meningkatkan tingkat permintaan sehingga
akan terjadi pergeseran permintaan atau
agregattiman yang lebih banyak dari
output 1 ke output 2
Lalu bagaimana dengan sisi penawaran
atau dari sisi industri 5.0 nya tanpa
mengundang penggunaan teknologi dan
penguasaan data industri akan sangat
sulit untuk memenuhi naik turunnya
permintaan tadi
namun pada industri 5.0 maka industri
dengan sangat cepat dapat merespon
permintaan tersebut
dengan adanya Zero Marginal cost atau
dan juga peran bisnis yang mengedepankan
sosial impact yang sangat besar atau
masif maka tingkat penawaran dapat
meningkat dari output satu ke output 2
Bahkan dalam jangka yang pendek
oke itu dia ekonomi konsep in the new
digital way pada kali ini kita akan
bertemu masih di What is the new digital
ekonomi berikutnya
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