Business Economics: $1 Million Per Day To Run a Cruise Ship

This is a super-interesting clip for business economics students: it costs $1million per day to run Royal Caribbean's Symphony of the Sea, a boat with 6,000 passengers per week, with a crew of 2,400 staff.

How is this achieved? It's the relentless pursuit of efficiency, with 30,000 meals produced every day in small kitchen, all waste disposed of, and the ship kept afloat.

It's a fascinating illustration of everything from ship design and touches on all elements of business economics including fixed and variable costs, productivity, sustainable practices and economies of scale.