Consumption, Production, Distribution, Micro and Macro Economics

-

🚩Timestamps:-

01:08 Three distinct components of Economics

01:35 Consumption

02:51 Production

05:20 Distribution

08:29 Micro-economics

09:14 Topics under Micro Eco

 

10:58 INFO CARD, opportunity cost

Scarcity meaning, Scarce Goods, Opportunity Cost concept

https://youtu.be/LJXxeNrn4e0?si=XV19FvK3-m6pvzFY

 

12:01 MACRO-economics

Learning Outcomes:-

Through this module, you will gain understanding on:-

1.    Three distinct components of Economics (Consumption, Production, Distribution)

2.    Micro and Macro Economics

 

Three distinct components of Economics -

 

Economists address questions such as…

1.    Consumption

How do people as consumers allocate their given means/income on the purchase of different goods and services given their market prices so that their satisfaction is maximum?

2.    Production

Given prices of different inputs, how producers choose such combinations which are least expensive so that they are able to minimize their cost of production?

ALSO…

Given prices of different goods, how do producers choose to produce those, the production of which offers them maximum revenue so that their profit (revenue-cost) is maximized?

3.    Distribution

How (on the basis of what economic principles) income is distributed among those who have worked as agents of production? viz…

land - owner rent

Labour - wages

Capital - owner interest

Entrepreneurship - profits

VIDEO DESCRIPTION (max 5,000 characters)

Consumption, Production, Distribution, Micro and Macro Economics | Statistics for Economics | 11th Commerce | by @statomics11comm

 

▶Related Playlist: https://www.youtube.com/playlist?list=PL0BlcnHQsq5K6s4HPm5VVP77zYnaT4ZpP

 

- - - - - - - - - -

👉 SUBSCRIBE🔔 to the Channel here:

https://www.youtube.com/channel/UCwRkwAVFBOvj7pQ605aVpIw

 

📸 IG/@imggnlive

https://www.instagram.com/imggnlive/

 

#statomics11comm #ggndeep8_ #imggnlive

 

sknahT

 

- - - x - - -

 

TAGS (csv)

Consumption, Production, Distribution, Microeconomics, Macroeconomics, Statistics for Economics, Statistics, Economics, 11th Commerce CBSE, 11th Commerce, CBSE, statomics11comm, class 11, hindi, in hindi

________________________________________

Comments

Post a Comment

Your feedback is incredibly valuable to our team as we continuously strive to improve our platform and provide the best experience possible for our users. We also appreciate your constructive criticism and look forward to implementing improvements based on your suggestions.

Popular posts from this blog

INDEX NUMBERS, All Formulas, in one video, Class 11, Final Exams, Most important, One shot

-
Image
1-Simple Aggregative Method 2-Simple Average of Price Relatives Method   Weighted Index Numbers – 1-Weighted Average of Price Relatives Method 2-Weighted Aggregative Method - a-Laspeyre b-Paasche c-Fisher   Methods of Constructing Consumer Price Index (CPI) – 1-Aggregative Expenditure Method 2-Family Budget Method   Rate of Inflation   Wholesale Price Index (WPI)   Index of Industrial Production (IIP) VIDEO DESCRIPTION (max 5,000 characters) INDEX NUMBERS, All Formulas, in one video, Class 11, Final Exams, Most important, One shot | Index Numbers | 11th Commerce | by @statomics11comm   🗣️ आपके लिए , इस Session की "tuition fee" है केवल : 👉 video को like 👍 & SHARE 🚀 करना , अपने feedback को Comment 📝 करें ; और सबसे ज़रूरी बात , Channel को SUBSCRIBE करके notification bell 🛎 icon को भी press करना ना भूलें ~XOXO 📚 CHAPTER PLAYLIST ► Ch 13 – Index Numbers https://www.youtube.com/playlist?list=PL0BlcnHQsq5Ip
Read more

Wholesale Price Index (WPI), Commodity Group, Weightage, Uses, who publishes, Methodology

-
Image
🚩Timestamps:- 00:07 Session Agenda 01:17 Wholesale Price Index (WPI) 04:19 COMMODITY GROUP AND WEIGHTAGE OF WHOLESALE PRICE INDEX 07:48 USES OF WHOLESALE PRICE INDEX 13:57 Who publishes wholesale price index? 14:18 Calculating WPI: the Methodology 18:26 Concluding Remarks Learning Outcomes:- Through this module, you will gain understanding on:- 1.    Wholesale Price Index (WPI) 2.    COMMODITY GROUP AND WEIGHTAGE OF WHOLESALE PRICE INDEX 3.    USES OF WHOLESALE PRICE INDEX 4.    Who publishes wholesale price index? 5.    Calculating WPI: the Methodology Wholesale Price Index (WPI) The Wholesale Price Index (WPI) measures the relative changes in the prices of commodities traded in the wholesale markets. In India, the wholesale price index numbers are constructed on weekly basis. ·         In India, the new Wholesale Price Index (WPI) series with base 2004-05 = 100 became effective from 2010 shifting from the earlier base of 1999-2000. The Government plans
Read more

Merits of Tabular Presentation

-
Image
🚩Timestamps:-  00:28 Merits of Tabular Presentation Learning Outcomes:- Through this module, you will gain understanding on:- 1.     Merits of tabular presentation Merits of tabular presentation - ●      Simplest presentation form ●      Data are easily understood ●      Large volume of statistical data can be presented very briefly ●      Facilitates comparison by different classes (columns) ●      Data analysis made easy - Central tendency, Dispersion, Correlation ●      Highlights data characteristics ●      Very economical presentation mode - Saves time and space Merits of Tabular Presentation | Presentation of Data: Textual and Tabular | Statistics for Economics | 11th Commerce | by @statomics11comm 🚩Timestamps:-  00:28 Merits of Tabular Presentation - - - - - - - - - - ▶Related Playlist:  https://www.youtube.com/playlist?list=PL0BlcnHQsq5LFSYN0exeZe31lwoD0Yhp6   - - - - - - - - - - 👉 SUBSCRIBE🔔 to the Channel here:  https://www.youtube.com/channel/UCwRkwAV
Read more

Contact Form

Name

Email *

Message *