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The video discusses the concept of food supply and demand, defining terms such as famine, food insecurity, and food security. Famine is a severe shortage of food that can lead to starvation and death, while food insecurity refers to the lack of reliable access to nutritious food. More than 800 million people experience hunger or food insecurity every day. Food security is the ideal situation where people have constant access to sufficient, safe, and nutritious food. There are patterns in food supply linked to development, with some regions experiencing deficit in food security while others have surplus. High income countries in North America, Western Europe, and parts of Asia are among the richest nations with better food security.