Lesson 3 of 5 • 0 upvotes • 9:03mins
We will learn the 3 central problems of an economy namely- what to produce, how to produce and for whom to produce. Having studied that, our next topic of discussion would be the difference between micro and macroeconomics and positive and normative economics.
5 lessons • 38m
Marking Scheme and Blueprint (in Hindi)
3:25mins
Defining Economy, Economics and Understanding Types of Economy (in Hindi)
8:43mins
Central Problems of an Economy, Difference Between Micro and Macroeconomics(in Hindi)
9:03mins
Concept of Production Possibility Curve (PPC) (in Hindi)
8:22mins
Assumptions of PPC, Shift and Rotation in PPC (in Hindi)
9:02mins