The Bitter Economics of MLM’s

Multi-Level-Marketing (MLM) companies are big businesses around the world and they have rightfully attracted much criticism for questionable business practice. Many have called them illegal pyramid schemes, but today these companies continue to operate in most developed countries around the world and rake in billions of dollars in profit in any given year all with the blessing of local trade authorities.

So, what are these businesses? Let’s park personal opinions on how annoying it is to be roped into one of these MLM meetings for the moment and assess the fundamental economics behind this business model. #MLM #PyramidScheme #Economics

⭐️ Want to see more vids just like this? Support Economics Explained on Patreon! ❤️
See new videos early, participate in exclusive Q&As, and more!
➡️ https://www.patreon.com/EconomicsExplained

Enjoyed the video? Comment down below!
⭑ Subscribe to Economics Explained 👉 https://bit.ly/sub2ee
⭑ Enjoyed? Hit the like button! 👍

Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g

Discord → https://discord.gg/7kM7Tw9
Business Enquiries → business@economicsexplained.io

Follow EE on social media:
Twitter 🐦 → https://twitter.com/EconomicsEx
Facebook → https://www.facebook.com/EconomicsEx
Instagram → https://www.instagram.com/EconomicsExplained

Music – Babylon Disco – Ultralounge