Lesson 4 of 13 • 12 upvotes • 9:12mins
In this lesson, the four factors of production are discussed. The remuneration paid to the factors are also discussed here. Moreover the assumptions made in the simple economy is a part of this lesson. This lesson is strictly based on the CBSE Class XII Economics syllabus.
13 lessons • 1h 57m
Course Overview
5:00mins
Basic Concepts of Macroeconomics Part 1
9:32mins
Basic Concepts of Macroeconomics Part 2
9:15mins
Factors of Production
9:12mins
Circular Flow of Income
6:50mins
Calculation of National income
7:59mins
Product method
10:47mins
Expenditure method
10:55mins
Income method
10:01mins
Some Macroeconomic identities 1
8:33mins
Some Macroeconomic identities 2
9:44mins
Goods and prices
11:06mins
GDP and Welfare
8:19mins