Tag: factors of production

Moana: Where You Are

Moana is ready to leave the island, but Chief Tui wants to convince Moana that the village of Motunui is all she needs. The island’s resources are scarce: there are only so many people and so much land. The islanders rely on each other to produce products using the resources that are available.

A second consideration for this video is how it relates to command and control economies or economies that practice arbitrage. There may be other island economies nearby that Motunia could trade with, but they currently only consume everything they produce on their own.

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Moana — How Far I’ll Go

Moana laments about how she wants to travel the sea, but her father wants her to stay behind and help her village. Moana wants to travel, but she can’t do it on her own. In order to travel the sea, she requires a variety of inputs like her boat and the wind in her sail. In order to build the boat, she needs wood from the trees on the island, but also some human capital associated with how to build a boat that won’t sink. All of our decisions, and any production that occurs on the island, requires resources. The main resource on this particular island is people’s labor, as they produce a variety of items to ensure society remains intact. As Moana says, “everyone knows their role on this island.”

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