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Understand Which Is The Best Index? (for UPSC CSE)

Lesson 7 of 9 • 895 upvotes • 10:13 mins

Ayussh Sanghi

This lesson is more of an application of the concepts taught in the lessons prior to this. The presenter focuses on answering the question Which is the best index? To do so, he makes a comparison of GDP & GNP and supports his reasons stating simple examples. He then states the limitations of each. In the second half of the lesson, the presenter focuses on the comparison between Market Price & Factor Price.