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This collection deals with the basic principles of Economy. It begins with the concept of Gross Domestic Product (GDP), its definition and real life examples that in simple terms will help you understand the topic. It also throws light on the primary, secondary and tertiary sectors. The collection then looks further into the concept of GDP, the constant and current prices in the economy and has various illustrations and examples to get a better understanding of this. Then we have a lesson which is about Gross National Product (GNP), how to be able to calculate the GNP using a formula and find the difference between Gross Domestic Product and Gross National Product, it also focuses trade balance, interest on a loan and private remittances by Non-Residential Indians. The last part of the collection educates us on the concept of National Domestic Production (NDP), Net National Production (NNP) and the concept if depreciation with various examples. Tags: Basics of Economics, Economics Basics, Indian Economy, Economy for UPSC, UPSC Lecture, UPSC Free Lessons, UPSC Free Online Videos, UPSC Economy, Economy for UPSC CSE, UPSC Online, UPSC Exam, UPSC Examination, UPSC IAS Exam, IAS Questions, Indian Administrative Service, IAS Preparation, IAS Exam Syllabus CSE Exam, CSE Syllabus, Economy UPSC Important Topics.

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UPSC CSE - GS

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Basics of Economics for Government Examinations (UPSC, CSE, IAS, IRS etc.)

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Indian Economy

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This lesson outlines the concept of Gross Domestic Product at Factor Cost & Market Cost. Factor cost is the 'Price' of the commodity from the producer's side. Market cost is derived after adding the indirect taxes to the factor cost of the product. The formula to calculate is Market Cost= Factor Cost-Subsidies+Indirect Taxes. 

GDP: Factor Cost & Market Cost (for UPSC CSE)

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Introduction To Gross Domestic Product (GDP) (for UPSC CSE)

GDP: Constant & Current Prices (for UPSC CSE)

Gross National Product (GNP) (for UPSC CSE)

National Domestic Production (NDP) And Net National Production (NNP) (for UPSC CSE)

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GDP: Factor Cost & Market Cost (for UPSC CSE)

Israel Jebasingh

Basics of Economics for Government Examinations (UPSC, CSE, IAS, IRS etc.)

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