NCERT Class 12 Microeconomics Chapter 1: Microeconomics Introduction (Examrace) | CUET Economics

Examrace (UPSC, NET, NCERT, ICSE ...)
Examrace (UPSC, NET, NCERT, ICSE ...)
254.7 هزار بار بازدید - 6 سال پیش - CUET Economics Preparation -
CUET Economics Preparation - https://www.doorsteptutor.com/Exams/C...
Dr. Manishika in this session explains NCERT Class 12 Economics Part 1 Chapter 1: Microeconomics
Microeconomics @0:15
Goods @1:04
Individual @1:30
Resources @1:43
Production Possibility Curve @5:41
2 Economic Problems Faced by Society @7:22
Central Problems of an Economy @7:38
Production Possibility Frontier @9:00
Organization of Economic Activities @10:24
Centrally Planned Economy @10:33
Market Economy @10:53
Positive & Normative Economics @12:46
Microeconomic and macroeconomics @13:32
#Frontier #Clothing #Distribution #Production ##Consumption #Collectively #Weaver #Bullock #Resource #Tangible #Manishika #Examrace

Individuals has some amount of few goods they would like to use
Family farm – small land, grains, farming implements or bullocks
Each decision making units can produce goods and services which it needs
Weaver can get the goods and services that she wants in exchange for the cloth she produces in her yarn
Each individual can use their resources to fulfill the needs

Central Problems of an Economy
• Production, exchange and consumption of goods and services
• Every society faces scarcity of resources
• Scarcity of resources leads to choice
• Scarce resources have competing usages
• Decide how to use scarce resources
• What is to be produced and in what quantities? – whether food, clothing or housing, basic education
• How are these goods produced? Use more labor or machines
• For whom are these goods produced? Who gets how much? How should produce be distributed? Who gets more or less? #examrace #upsc #ugcnet
6 سال پیش در تاریخ 1397/05/17 منتشر شده است.
254,775 بـار بازدید شده
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