WEBVTT Kind: captions; Language: en 00:00:00.000 --> 00:00:05.001 [...] 00:00:30.000 --> 00:00:31.000 This is a factory. 00:00:35.001 --> 00:00:40.000 This is a machine in the factory. 00:00:42.001 --> 00:00:48.001 This is the workman who tans the machine in the factory. 00:00:53.001 --> 00:00:59.001 And this is what the workman makes on his machine in the factory. 00:01:00.001 --> 00:01:02.000 This is a widget. 00:01:03.000 --> 00:01:08.000 A widget might be a radio, a refrigerator, a musical instrument, or a motor car. 00:01:09.000 --> 00:01:12.001 A widget, you know, is just a symbol for any manufactured 00:01:12.001 --> 00:01:14.001 product that people use. 00:01:15.001 --> 00:01:18.001 Inside the widget factory, there are lots of widget-making products. 00:01:19.001 --> 00:01:23.000 And the skilled workmen who run these machines turn out the 00:01:23.000 --> 00:01:24.001 finest widget you've ever seen. 00:01:26.000 --> 00:01:30.000 They're as modern, attractive, and efficient as careful design and fine 00:01:30.000 --> 00:01:32.000 craftsmanship can possibly make them. 00:01:33.000 --> 00:01:36.000 People will certainly want to buy these widgets because they are 00:01:36.000 --> 00:01:38.000 so fine and up to date. 00:01:41.001 --> 00:01:44.001 Here comes a man now with money to buy a widget. 00:01:46.000 --> 00:01:51.000 Here's a farmer. He needs a widget on his farm, and he's in a hurry to buy one. 00:01:52.001 --> 00:01:57.000 Here's your money, Mr. Widgetmaker, and here's your widget, Mr. Farmer. That's 00:01:57.000 --> 00:01:59.001 all there is to it. The deal is completed. 00:02:00.001 --> 00:02:05.000 Everyone is happy. The widget maker has the money, and the farmer has his widget. 00:02:08.001 --> 00:02:13.000 And here comes another man who wants to buy a widget. 00:02:13.001 --> 00:02:18.001 This man is a coal miner, and he's bringing his money with him. He wants 00:02:18.001 --> 00:02:20.000 his new widget right away, too. 00:02:22.001 --> 00:02:27.001 These certainly must be good widgets because there is such 00:02:27.001 --> 00:02:29.000 a widespread demand for them. 00:02:29.001 --> 00:02:34.000 Everyone seems to need a widget. For instance, this man is a steel manufacturer. 00:02:35.000 --> 00:02:36.001 Apparently, he can use a widget. 00:02:40.001 --> 00:02:46.000 And here's a lumberman, too. They all want widgets. Business is certainly good. 00:02:47.000 --> 00:02:52.001 These people are customers because they are willing to trade money for widgets, 00:02:53.001 --> 00:02:58.001 and all the customers take the widgets home to all parts of the country. 00:03:00.000 --> 00:03:02.001 Look at all that money the widget builder has taken 00:03:02.001 --> 00:03:04.000 in from the sale of his widgets. 00:03:04.001 --> 00:03:09.000 But now that the builder has the money, he has to pay out a large 00:03:09.000 --> 00:03:11.000 part of it to the workmen in the factory. 00:03:12.001 --> 00:03:17.000 That's all right, though, because these workmen need the money to buy food and 00:03:17.000 --> 00:03:18.001 clothing, and to pay the rent. 00:03:21.001 --> 00:03:24.000 And maybe even a lot of them will want to use some of their money 00:03:24.000 --> 00:03:26.000 to buy widgets for themselves. 00:03:27.000 --> 00:03:31.000 But since so many widgets have been made and sold, the widget builder is running 00:03:31.000 --> 00:03:33.001 out of raw materials to make into more widgets. 00:03:34.000 --> 00:03:38.001 So out here where the raw materials come in, he buys cotton. 00:03:39.001 --> 00:03:41.001 This widget factory uses a lot of cotton. 00:03:43.000 --> 00:03:46.000 And what do you know? It's our farmer friend back again. 00:03:47.001 --> 00:03:50.000 The farmer wants to sell his cotton to the widget maker. 00:03:51.000 --> 00:03:56.000 Well, turn about his fair play, and now the widget maker has more raw material. 00:03:59.000 --> 00:04:02.001 And the farmer has his money back again, in addition 00:04:02.001 --> 00:04:04.000 to the widget he already bought. 00:04:08.000 --> 00:04:11.001 The widget maker needs coal and steel and lumber, too. 00:04:12.001 --> 00:04:17.000 So here are the coal miner and the steel man and the lumber man to sell them. 00:04:18.000 --> 00:04:21.001 Just a little while ago, these men were the widget maker's customers. 00:04:22.000 --> 00:04:25.001 But now the widget maker is their customer. 00:04:26.000 --> 00:04:29.000 He has money to trade for raw materials, a lot of 00:04:29.000 --> 00:04:31.000 different materials from a lot of places. 00:04:31.001 --> 00:04:35.000 So the widget maker is a buyer as well as a seller. 00:04:36.001 --> 00:04:40.001 Evidently in this widget business, somebody is always buying and selling. 00:04:41.001 --> 00:04:43.001 Everybody is somebody else's customer. 00:04:44.001 --> 00:04:49.001 The raw materials that the widget maker buys, the products of field and mine and 00:04:49.001 --> 00:04:55.000 woods and shop, go into one end of the machine, and out of the other end of the 00:04:55.000 --> 00:04:58.001 machine, come nice, new, shiny widgets. 00:04:59.000 --> 00:05:02.000 And that's all there is to it when everything runs as smoothly 00:05:02.000 --> 00:05:04.000 as it does in this factory. 00:05:04.001 --> 00:05:09.001 With men and machines all at work, this factory becomes a beehive of activity. 00:05:10.001 --> 00:05:16.000 Selling widgets, buying raw materials, making more widgets, a number one widget 00:05:16.000 --> 00:05:18.000 that any customer would be glad to have. 00:05:18.001 --> 00:05:23.001 And while widgets are being bought and sold at one end of the factory, raw 00:05:23.001 --> 00:05:27.000 materials are being sold and bought at the other end. 00:05:27.001 --> 00:05:32.001 So with everything humming along smoothly and everyone working for somebody else, 00:05:33.000 --> 00:05:35.001 money seems to travel round and round in this widget business. 00:05:37.001 --> 00:05:40.000 Maybe that's true in other lines of business too. 00:05:41.000 --> 00:05:42.000 Don't you think so? 00:05:48.000 --> 00:05:51.001 www.mooji.org