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Economics  The Production  Distribution  and Consumption of Goods and Services  Needs and Wants
 
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This is your video for your My Big Campus assignment for Social Studies.
From production to consumption
 
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Whether you go to a local market or a giant supermarket, a lot of the food you will find there, is imported from another country. For example, orange juice. The juice that you drink might not be made in your country. Why do not all countries produce the same products? And what way does food travel?
Views: 5971 WADADA News for Kids
The Difference Between Finance And Economics !
 
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Finance and economics are often taught as separate subjects, but they are interrelated disciplines that influence one another in many ways. Economics is a social science. It studies the production, consumption and distribution of goods and services, as well as larger topics such as inflation, recession, and supply and demand. It explains how a government taxes and spends. It teaches the impacts that policy and events can have on business conditions, and it gives investors a tool to use when analyzing companies and markets. Careers in economics include teaching and research. Banks and other corporations employ economists to forecast growth, inflation, interest rates and so on. Some investors listen closely to what economists say about the markets, and others don’t. In many respects, finance is an offshoot of economics. Individuals with economic backgrounds have made some of the most notable achievements in finance. Finance entails the study of prices, interest rates, money flows and the financial markets. Billions of dollars are at stake when it comes to pricing loans, investments and insurance products. Finance provides the means to understand pricing and the valuation of future cash flows. It also helps investors and business managers evaluate proposals and allocate capital. Finance degrees are common among Wall Street analysts, bankers and fund managers. Determining the fair value for many investment products is a basic part of finance. Commercial bankers and insurance brokers also often have finance backgrounds. Historically, economics has been more concerned with the big picture, such as how a country is doing, while finance focuses on companies and industries. Both have valid uses and applications, and both are important. Read more: The Difference Between Finance And Economics - Video | Investopedia http://www.investopedia.com/video/play/difference-between-finance-and-economics/#ixzz3tHoY2PqL Follow us: Investopedia on Facebook
Views: 33953 Investopedia
Economic-Sociology आर्थिक-समाजशास्त्र
 
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WHAT IS ECONOMICS https://www.youtube.com/edit?o=U&video_id=dbWazTFi0rw ECONOMIC DEVELOPMENT https://www.youtube.com/edit?o=U&video_id=3sUoibkKBTQ sociology - A general definition of sociology is the systematic study of human society, culture, and relationships on a group level. Are men and women really that different? Why do we have problems such as racism? What motivates people to have social status and respect? These questions are hugely important to life as a human being, and they are studied by the field of sociology. Sociology studies different ideas for what might create an ideal society. Some people believe that society should focus on making sure everyone is treated equally, including from an economic perspective. However, other people believe that an ideal society includes different social classes, because wanting to be rich motivates people to invent things and work harder. These questions include the study of how economics, politics, and culture combine in different ways. Other questions sociology asks are, 'How is culture created, and how is it passed down from one generation to the next? Sociology also studies the similarities and differences among different types of people. What about people of different races or ethnicities? How about rich people versus poor people? Finally, sociology studies social institutions. Social institutions are major structures made up of groups or ideas that influence people's daily lives, views of the world, or integration into society. Examples of social institutions are religious groups, schools, political organizations, and families. How have all of these social institutions influenced your life? For example, did you go to a public school or a private school? Economic sociology is the study of the social cause and effect of various economic phenomena. Economic sociology, the application of sociological concepts and methods to analysis of the production, distribution, exchange, and consumption of goods and services. The field can be broadly divided into a classical period and a contemporary one,  known as "New economic sociology The specific term "economic sociology" was first coined by William Stanley Jevons in 1879, The classical period modernity rationalisation Secularisation urbanisation social stratification etc. Emile Durkheim The Division of Labour in Society  Max Weber Economy and Society Karl Marx Historical Materialism New economic sociology A contemporary period of economic sociology, often known as new economic sociology, was consolidated by the 1985 work of Mark Granovetter titled "Economic Action and Social Structure
Views: 4678 Know Economics
Single Country Gain From Trade - International Economics
 
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Tutorial of what happens to consumption gain and production gain before and after international trade (International Economics). http://www.MyBookSucks.Com "Party More Study Less"
Views: 31087 Economicsfun
Statistics for Economics Chapter 1 | Part 1 | Introduction to Economics
 
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Economics (XIth Grade) Introduction of Economics (part I); Introduction to economics- 00:00:13- 00:04:46 Origin of Economics- 00:04:47- 00:07:45 Types of Economics- 00:07:46- 00:09:45 *Microeconomics *Macroeconomics Difference between Micro and Macro Economics- 00:09:46- 00:12:18 Types of Activities 00:12:19- 00:12:32 *Economics Activties *Non-Economic Activities Economic Activities- 00:12:33- 00:17:38 *Production *Consumption *Investment *Exchange *Distribution Non-Economic Activities 00:17:38- 00:20:34 *Social *Religious *Political *Charitable *Parental Difference between Economic and Non-Economic activities 00:20:35- 00:23:26 On the basis of : *Objective *Scope *Money Measurement *Philosophy *Expectation *Duration Click here https://www.youtube.com/watch?v=hKeaxuEeSM8&list=PLJumA3phskPEMUx8BE3D2Fnc3NlmHa0uq for more videos on Economics (XIth Grade) Video by Edupedia World (www.edupediaworld.com). All Rights Reserved.
Views: 26753 Edupedia World
INDIAN ECONOMY (INTRODUCTION) FOR UPSC , SSC & BANK Etc BY VIKAS TOMAR SIR
 
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Economics is the social science studying the production, distribution and consumption of goods and services. It is a complex social science that spans from mathematics to psychology. At its most basic, however, economics considers how a society provides for its needs. Its most basic need is survival; which requires food, clothing and shelter. Once those are covered, it can then look at more sophisticated commodities such as services, personal transport, entertainment, the list goes on. Today, this social science known as "Economics" tends to refer only to the type of economic thought which political economists refer to as Neoclassical Economics. It developed in the 18th century based on the idea that Economics can be analysed mathematically and scientifically. A generally accepted notion of Value is the worth of goods and services as determined by markets. Thus an important part of Economics is the study of policies and activities for the generation and transfer of Value within markets in the form of goods and services. Often a measure for the worth of goods and services is units of currency such as the US Dollar, peso, etc... But, unlike the units of measurements in Physics such as Seconds for Time, there exists no absolute basis for standardizing the units for Value. Usually the value of a currency is related to the value of Gold, which in turn is valued by amount or number of goods and services that it can be exchanged for. Because the rate of production of gold in the world is slower than the rate of creation of goods and services, the relation between gold and currencies is not as strict as it used to be. Thus, one of the most complicated and most often misunderstood parts of economy is the concept of value. One of the big problems is the large number of different types of values that seem to exist, such as exchange-value, surplus-value, use-value The discussion of values all start with one simple question: What is something worth? Today's most common answer is one of those answers that are so deceptively simple that it seems obvious when you know it. But then remember that it took economists more than a hundred years to figure it out: Something is worth whatever you think it is worth. In 1st century BC, Publilius Syrus wrote: "Something is only worth what someone is willing to pay for it". This statement needs some explanation. Take as an example two companies that are thinking of buying a new copying machine. One company does not think they will use a copying machine that much, but the other knows it will copy a lot of papers. This second company will be prepared to pay more for a copying machine than the first one. They find different utility in the object. The companies also have a choice of models. The first company knows that many of the papers will need to be copied on both sides. The second company knows that very few of the papers it copies will need double sided copying. Of course, the second company will not pay much more for this, while the first company will. In this example, we see that a buyer will be prepared to pay more for the increase in utility compared to alternative products. But how does the seller value things? Well, in pretty much the same way. Of course, most sellers today do not intend to use the object he sells himself. The utility for the seller is not as an object of usage, but as a source of income. And here again it is marginal utility that comes in. For which price can you sell the object? If you put in some more work, can you get a higher price? Here we also get into the resellers utility. Somebody who deals in trading will look at an object, and the utility for him is to be able to sell it again. How much work will it take, and what margins are possible? So not only do the two different buyers have a different value on an object, the salesman puts his value on it, and the original manufacturer may have put yet another value on it. The value depends on the person who does the valuation, it is subjective. So, how do all these subjective values turn into the price? To understand that, we must take a look at the place where things are bought and sold: The market. A market is an often national but increasingly international legally, autonomous or semi-autonomous, defined place, system or arrangement. Where economic agents (producers, facilitators, sellers, buyers, investors and speculators, etc) Govt Jobs Academy channel educates aspirants regarding UPSC,PSC,IBPS/SBI/SSC/RAILWAYS and other competitive exams. ' Our Video Discussions, Current Affairs , Myths and Facts, Talking Point etc by Expert Faculties of Mukhargeenagar delhi are full of concepts and tricks which must be applied in the exams by the aspirants. For more details contact me @ https://m.facebook.com/GovtJobsAcademy247/ You can even like & follow our Facebook page for getting regular updates regarding IBPS/SBI/SSC/RAILWAYS and other competitive exams.
Views: 27846 Govt Jobs Academy
What Is An Economics?
 
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How much should i spend on gas? What's the best route to work? Where economics definition, (used with a singular verb) science that deals production, distribution, and consumption of goods services, or material why do we buy more when something goes sale? At what point does one stop consuming good they love consume? All these can be addressed by economists study how society distributes resources, such as land, labor, raw materials, machinery, produce services. We make all kinds of choices every day. They conduct research economics is the scientific study of ownership, use, and exchange scarce resources often shortened to science scarcity. What can you do with an economics degree? Economics a z terms beginning meaning of economic in longman dictionary research. It attempts to explain how wealth is created and according the oxford english dictionary, economics branch of knowledge concerned with production, consumption, transfer a social science distribution consumption goods services. Economics? American economic association. What is economics? Complete university guideprinciples of economics what wikibooks, open College topics define at dictionary. It studies how individuals, businesses, economics is a social science that people satisfy unlimited wants with scarce resources. If one person, firm or country can produce more of something with the same amount effort and economic meaning, definition, what is relating to trade, industry, man learn according vanderbilt university, economics study how people choose use resources including time talent have available, land, mar 13, 2017 an contraction a decline in output. Examples mar 14, 2017 what you should study at high school to get on an economics degree course, and jobs will be available after graduate What is economics? Why economics? What Youtube. Increased trade in goods, services and capital between countries is a major effect of contemporary globalization. Economics is regarded as a social science because it uses scientific methods to build theories that can help explain the behaviour of individuals from personal perspective, study economics has provided me with systematic framework for analyzing, researching, writing, and teaching about mar 13, 2015 careers in are diverse they come, job roles covering everything food agriculture business banking this simplest yardstick economic performance. Definition of economics the theories, principles, and models that deal with how market process works. It involves the analysis of choice and trade through use economics is about making choices. Economic contraction definition, examples the balance. Economics can actually be defined a few different ways it's the study of scarcity, what do you think economics is? Is it hard science used by bankers to make money? Like alchemists who conjure gold? about politics and accounting? . What is economics onlinewhy do we need economists and the study of economics? . Economics? Definition & principles video lesson economi
Views: 9 Bet My Bet
Production Possibilities Curve- Econ 1.1
 
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In this video I explain how the production possibilities curve (PPC) shows scarcity, trade-offs, opportunity cost, and efficiency. This is the first graph you are going to learn in your economics class. Thanks for watching. Please subscribe. If you need more help, check out the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji
Views: 991386 Jacob Clifford
Definition Of Economics Class IX CBSE
 
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Definition Of Economics Class IX CBSE The science that deals with the production, distribution, and consumption of commodities. The science that deals with the production, distribution, and consumption of commodities.
Views: 96 Mother Earth
What Is Economic S?
 
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The information on this pages should help you getting a basic the economist's dictionary of economics defines as 'the study production, distribution and consumption wealth in human society' What is economics? American economic association. It involves the analysis of choice and trade through use why do we buy more when something goes on sale? At what point does one stop consuming a good they love to consume? All these can be addressed by few things affect day lives everyone than economy. Put simply, choose to pursue economics at university and this is what you'll be studying. How much should i spend on gas? What's the best route to oct 13, 2015 what at first may appear be a relatively simple and straightforward question is actually one economists have been trying define in their 'economics'. What is economics? American economic association. It attempts to explain how wealth is created and what economics? Economics about making choices. Economics is a social science concerned with the production, distribution and consumption of goods services. Economics is the science that deals with production, allocation, and use of goods econ 101 definition economics study how people, businesses, societies, or nations deal scarcity. We make all kinds of choices every day. What is economics? Why study economics? Economics wikipedia. Economics is a discipline that can help us answer these questions. Economics isn't a meal ticket to make lots of money in the stock market, although economics helps you understand how what is it? When have completed reading, try quiz. In this lesson, you'll learn about economics, including some of its foundational topics economics uses scientific methods to describe and understand the ownership, what links them all is attempt how why exchange takes let's start with isn't. What is economics? Merrimack collegewhat economics all about? Sesyncdefinition of by merriam webster. Library of what is economics? Thoughtcodefine economics at dictionary. Economics can actually be defined a few different ways it's the study of scarcity, what do you think economics is? Is it hard science used by bankers to make money? Like alchemists who conjure gold? about politics and accounting? Economics is which studies human behaviour as relationship between ends scarce means have alternative uses definition theories, principles, models that deal with how market process works. Economics is the academic study of production, distribution, and consumption goods services question 'what economics business economics? ' can be answered in many ways. Economics is what economists do jul 26, 2017 it. It studies how economics definition, (used with a singular verb) the science that deals production, distribution, and what are of such project? . Arguably, economics ultimately underpins everything we humans do is a social science that studies how people satisfy unlimited wants with scarce resources. What is economics? Complete university guide. What is economics wikibooks
Views: 3 Bet My Bet
1335.Economics   Basic economic activities of a society
 
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Visit our website www.arinjayacademy.com for Hindi,  Maths, Accounts, CA Final International Tax, Direct Tax at following links  Hindi Class 6 Notes, click -  https://www.arinjayacademy.com/hindi-vyakaran-हिंदी-व्याकरण-class-6/ Hindi Class 7 Notes, click -  https://www.arinjayacademy.com/hindi-vyakaran-class-7/  Hindi Class 8 Notes, click -  https://www.arinjayacademy.com/hindi-vyakaran-class-8/ Hindi Class 9 and Class 10 Notes, click -  https://www.arinjayacademy.com/hindi-vyakaran-class-10/ Maths Class 3 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-3/ Maths Class 4 Notes, click -  https://www.arinjayacademy.com/maths-class-4/ Maths Class 5 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-5/  Maths Class 6 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-6/  Maths Class 7 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-7/  Maths Class 8 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-8/ Accounts Class 11 Notes, click - https://www.arinjayacademy.com/accounts_class-xi/ Accounts Class 12 Notes, click  -  https://www.arinjayacademy.com/accountancy-class-12/  CA Final International Tax Notes, click -  https://www.arinjayacademy.com/ca-final-elective-paper-6c-international-tax/ Transfer Pricing Notes, click -  https://www.arinjayacademy.com/transfer-pricing/ International Tax Article by Article Notes, Click -  https://www.arinjayacademy.com/international-tax-interpreting-tax-treaty/ Download Arinjay Academy app at : - https://play.google.com/store/apps/details?id=com.arinjayacademy You can access our content at https://www.arinjayacademy.com/learn Practice Accounts Exercise Class XII at - https://www.arinjayacademy.com/learn/Accounts-Class-XII?tab=3 Practice Maths Exercise Class VI at - https://www.arinjayacademy.com/learn/MathsClassVI?tab=3 Practice Maths Exercise Class VII at - https://www.arinjayacademy.com/learn/Maths--Class---7-?tab=3 Practice Hindi Exercise Class VI at - https://www.arinjayacademy.com/learn/Hindi---Class-6--?tab=3 Practice Economics Exercise Class XII at - https://www.arinjayacademy.com/learn/Economics---Class-12?tab=3 Basic Economic activities of the society The society basically undertakes the following three activities : - • Production • Exchange, and • Consumption
Views: 2148 Arinjay Academy
Economic activities And Non economic activities(hindi)
 
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In this video I have explained meaning of economic activities and non economic activities and difference between the two All Activities are classified into two categories Economic activities And Non economic activities Economic activities are those activities which are related to money While activities that are not related to money are called non economic activities Economic activities have 4 parts .➡production ➡consumption ➡distribution ➡exchange An activity can be an economic and a non economic activity also Mother cooking food for her family is a non economic activity But when she cooks food in a hotel for earning money is an economic activity Watch full video to understand deeply
Views: 5178 Super commerce
Pareto Efficiency
 
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Burkhard C. Schipper of the University of California, Davis, introduces Pareto efficiency.
Views: 55726 Burkhard C. Schipper
definition of economics  of  Adam Smith in urdu hindi  by planbeplanner
 
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definition of economics of Adam smith in urdu hindi by planbeplanner- in this video we describe definition of economics briefly according to Adam smith (the father of economics) point of view in urdu hindi with whiteboard animated video. we explain what is economics ? how to be used it by earn -spend - divide and exchanging of wealth adam smith is the founder of economics and he is a classical school of thoughts...he says that economics is a science of production-consumption-distribution and exchanging of the wealth. We discuss in this video his definition with whiteboard animations so you watch this video to learn more clearly the economics definition we hope you can learn this complete and easily. what is economics according to adam smith in urdu hindi first year economics lecture part 1 in urdu hindi 2018 first year economics in urdu hindi lecture by plan be planner part 1 first year economics in urdu hindi lectures now on utube channel plan be planner representing economics of part first of intermediate...... plan be planner decided to make white board animated videos lectures on economics of intermediate in urdu hindi for intermediate economics students.... after first book lectures we start part 2 economics book lectures very soon in sha allah...... if you have problem in economics of inter mediate you can discuss with us in sha allah we will solve it as possible .... dear viewers must give us suggestions about our videos ...... we will make our videos best and batter according to your own desires......you can see here economics notes also in urdu hindi if you want please inform us.. must be subscribe our channel and click on bell icon for notification of our new videos we will start making videos on studies difficulties and how to overcome them and start your carrier... and moreover, we make lesson able stories videos for you as soon as possible ... thanks plan be planner OUR LINKS website www.planbeplanner.com fb ; https://www.facebook.com/raana.malik.5 fb groups of us; https://www.facebook.com/groups/745471245475020/ https://www.facebook.com/groups/likeforpakistan/ what is economics according to adam smith in urdu hindi #economicsinurdu #economicsplanbeplanner #economicsdefinitioninurdu
Views: 3088 plan be planner
The Heat: Season 1/Episode 1: Comparing Classic Economic Theory to the YouTube Phenomenon
 
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For the purpose of this assignment, I worked to illuminate new insight and critique on classic economic theories in relation to the Information Society. Although mainstream economic theory emphasizes the quintessential importance of monetary value to induce motivation within a capitalistic society, the Information Age has revolutionized the way we create, share and consume within our culture specifically illustrated in the case of YouTube. By definition, economics is the social science that studies the production, distribution and consumption of goods and services and also involves the study of choices as they are affected by incentives and resources. Economics aims to explain how economic work and how economic agents interact. For classic economic theorists, such as David Hume and Adam Smith and for the majority of Western World thinking after them, self-interest became the primary motivating force that explained most of social reality and systemized supply and demand as joint determinants of price and quantity. Ultimately, traditional economic thinking within the capitalistic sphere believes that people choose strategies that will maximize their payoff while minimizing input. Humean though specifically notes that money is a sign of representing the value of all commodities. However, with the advent of new social technologies, common held theories that believe people can only be motivated to produce if there are monetary gains involved are being challenged. My video project focuses specifically on the case of YouTube, as it is a revolutionary invention at the vortex of social change that has popularized and risen as a phoenix-like entity in our culture with immense implications in regards to our cultural interactions and exchanges. I question how YouTube has been so successful is a society that has traditionally been driven by financial initiatives and speculate how and why participants of the site dedicate so much time and energy without monetary rewards. In reviewing literature on classic economic theory and comparing it to YouTubes model of creation, I was able to develop a personal analysis and understanding of this spectacular phenomenon. I also became familiarized with recent literature and work on YouTube and how it is impacting our society. In essence, I worked to compare classic economic thinking to the case of YouTube labour relations and adapted a critical analysis of participants motivations to dedicate time and effort into creation and production of audiovisual material. Bibliography: Berry, C.J. (2006). Hume and the customary causes of industry, knowledge and humanity. History of Political Economy, 38(2), 291-317 Croteau, D. (2006). The growth of self-produced media content and the challenge to media studies. Critical Studies in Media Communication, 23(4), 340-400 Deuze, M. (2007). Convergence culture in the creative industries. International Journal of Cultural Studies, 10(2), 243-263 Kaplan, J.A. (2007). You tube vs. them tube. PC Magazine, 26(3), 63-64 Seidenberg, S. (2009). Copyright in the age of Youtube. ABA Journal, 95(2), 37- 39 Sturn, R. (2004). The skeptic as an economists philosopher? Humean utility as a positive principle. European Journal of the History of Economic Thought, 11(3), 101-115 van Dijck, J. (2009). Users like you? Theorizing agency in user-generated content. Media, Culture and Society, 31(1), 41-51 Wasserman, T. (2006) Youtube. Brandweek, 47(37), 34 Music Credits: Nighttiming, Coconut Records Ghostwriter, RJD2 So He Wont Break, The Black Keys Intro: Quest for Glory, Shad My Girl Is Calling Me (A Liar), Chromeo The Proxy, RJD2 Nothing Is Normal, Debra
Views: 874 Heather McIntosh
Consumption in Economics | Urdu/Hindi
 
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Do you know there's a concept of Consumption in Economics? Do you wanna know what it is? If yes, then here is a video describing the topic, Consumption. It is a very important topic of Economic. I am going to explain Consumption in Urdu/Hindi. Hey there, Thank you for joining our little nerd family. I am an Undergraduate student and I post these little teach + study videos in Urdu on YouTube. I try to post all the topics from all the subjects that I am studying in my under-graduation. Videos might not be perfect but they do convey the knowledge . So, If you want to keep on watching my videos then Subscribe. FAQ: 1. Where are you from? I am from Pakistan. 2. What is your profession? I am an undergraduate student.
Views: 2015 Schooling Ruling
Economy - Get Fired Or Go Bankrupt
 
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http://www.GanoRiches.com An economy (or "the economy") is the realized economic system of a country or other area. It includes the production, exchange, distribution, and consumption of goods and services cf that area. The study of different types and examples of economies is the subject of economic systems. A given economy is the end result of a process that involves its technological evolution, history and social organization, as well as its geography, natural resource endowment, and ecology, among other factors. These factors give context, content, and set the conditions and parameters in which an economy functions. Today the range of fields of study exploring, registering and describing the economy or a part of it, include social sciences such as economics, as well as branches of history (economic history) or geography (economic geography). Practical fields directly related to the human activities involving production, distribution, exchange, and consumption of goods and services as a whole, range from engineering to management and business administration to applied science to finance. All kind of professions, occupations, economic agents or economic activities, contribute to the economy. Consumption, saving and investment are core variable components in the economy and determine market equilibrium. There are three main sectors of economic activity: primary, secondary and tertiary. The word "economy" can be traced back to the Greek word "one who manages a household", derived from οἴκος, "house", and νέμω, "distribute (especially, manage)". From οἰκονόμος "of a household or family" but also senses such as "thrift", "direction", "administration", "arrangement", and "public revenue of a state". The first recorded sense of the word "economy", found in a work possibly composed in 1440, is "the management of economic affairs", in this case, of a monastery. Economy is later recorded in other senses shared by οἰκονομία in Greek, including "thrift" and "administration". The most frequently used current sense, "the economic system of a country or an area", seems not to have developed until the 19th or 20th century
Views: 409 7kooter
ECONOMIC ACTIVITY AND NON ECONOMIC ACTIVITY
 
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ECONOMIC ACTIVITY THE ACT OF EARNING AND SPENDING MONEY IS CALLED ECONOMIC ACTIVITY. OR ACTIVITY WHICH IS BASED ON SCARE RESOURCES FOR THE SATISFACTION OF HUMAN WANTS IS CALLED ECONOMIC ACTIVITY. PRODUCTION CONSUMPTION INVESTMENT EXCHANGE (a). PRODUCT PRICING (b). FACTOR PRICING AND DISTRIBUTION NON ECONOMIC ACTIVITY ACTIVITIES WHICH ARE UNDERTAKEN TO SATISFY SOCIAL,RELIGIOUS CULTURAL AND SENTIMENTS ARE CALLED NON-ECONOMICS ACTIVITIES. THE OBJECT OF THESE ACTIVITIES ARE NOT TO EARN MONETARY GAIN OR REWARD. LOVE AND AFFECTION. PERSONAL SATISFACTION. PHYSICAL NEEDS. RELIGIOUS OBLIGATIONS. SOCIAL OBLIGATIONS. PATRIOTISM.
Views: 178 aucommerce Scholar
Labor Markets and Minimum Wage: Crash Course Economics #28
 
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How much should you get paid for your job? Well, that depends on a lot of factors. Your skill set, the demand for the skills you have, and what other people are getting paid around you all factor in. In a lot of ways, labor markets work on supply and demand, just like many of the markets we talk about in Crash Course Econ. But, again, there aren't a lot of pure, true markets in the world. There are all kinds of oddities and regulations that change the way labor markets work. One common (and kind of controversial one) is the minimum wage. The minimum wage has potential upsides and downsides, and we'll take a look at the various arguments for an against it. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 489359 CrashCourse
Ricardo on rent
 
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Great Economists: Classical Economics and its Forerunners course: http://mruniversity.com/courses/great-economists-classical-economics-and-its-forerunners Ask a question about the video: http://mruniversity.com/courses/great-economists-classical-economics-and-its-forerunners/ricardo-rent#QandA Next video: http://mruniversity.com/courses/great-economists-classical-economics-and-its-forerunners/life-robert-torrens
Before Exam Quick Revision of 12th Economics re-exam (Part-1) | CA Jitender Kumar
 
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Subscribe Like Share To our youtube channel https://www.youtube.com/caashishkalraigp Follow Us At: Website - https://www.igpinstitute.org Facebook - https://www.facebook.com/ashishkalraigp Twitter - https://www.twitter.com/ashish_igp Instagram - https://www.instagram.com/caashishkalra
Views: 3395 IGP Classes
Economics and Finance. Global Education, Economy , English Language, From Wikipedia
 
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All Music is from Incompetech and Youtube Library Creative Comons Economics is the social science that seeks to describe the factors which determine the production, distribution and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία from οἶκος (oikos, "house") and νόμος (nomos, "custom" or "law"), hence "rules of the house (hold for good management)".[1] 'Political economy' was the earlier name for the subject, but economists in the late 19th century suggested "economics" as a shorter term for "economic science" to establish itself as a separate discipline outside of political science and other social sciences.[2] Economics focuses on the behavior and interactions of economic agents and how economies work. Consistent with this focus, primary textbooks often distinguish between microeconomics and macroeconomics. Microeconomics examines the behavior of basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the entire economy (meaning aggregated production, consumption, savings, and investment) and issues affecting it, including unemployment of resources (labor, capital, and land), inflation, economic growth, and the public policies that address these issues (monetary, fiscal, and other policies). Other broad distinctions within economics include those between positive economics, describing "what is," and normative economics, advocating "what ought to be"; between economic theory and applied economics; between rational and behavioral economics; and between mainstream economics (more "orthodox" and dealing with the "rationality-individualism-equilibrium nexus") and heterodox economics (more "radical" and dealing with the "institutions-history-social structure nexus"). Areas of finance London Stock Exchange, global center of finance. Wall Street, the center of American finance. Personal finance Main article: Personal finance Questions in personal finance revolve around: Protection against unforeseen personal events, as well as events in the wider economy Transference of family across generations (bequests and inheritance) Effects of tax policies (tax subsidies and/or penalties) on management of personal finances Effects of credit on individual financial standing Development of a savings plan or financing for large purchases (auto, education, home) Planning a secure financial future in an environment of economic instability Personal finance may involve paying for education, financing durable goods such as real estate and cars, buying insurance, e.g. health and property insurance, investing and saving for retirement. Personal finance may also involve paying for a loan, or debt obligations. The six key areas of personal financial planning, as suggested by the Financial Planning Standards Board, are.
What is Economy? | Definition of Economy
 
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An economy is an area of the production, distribution, or trade, and consumption of goods and services by different agents. Understood in its broadest sense, 'The economy is defined as a social domain that emphasizes the practices, discourses, and material expressions associated with the production, use, and management of resources'. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Monetary transactions only account for a small part of the economic domain. Economic activity is spurred by production which uses natural resources, labor, and capital. It has changed over time due to technology (automation, accelerator of process, reduction of cost functions), innovation (new products, services, processes, new markets, expands markets, diversification of markets, niche markets, increases revenue functions) such as , that which produces intellectual property and changes in industrial relations (for example, child labor being replaced in some parts of the world with universal access to education). A given economy is the result of a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure and legal systems, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of human practices and transactions. It does not stand alone. A market-based economy is where goods and services are produced and exchanged according to demand and supply between participants (economic agents) by barter or a medium of exchange with a credit or debit value accepted within the network, such as a unit of currency. A command-based economy is where political agents directly control what is produced and how it is sold and distributed. A green economy is low-carbon, resource efficient, and socially inclusive. In a green economy, growth in income and employment are driven by public and private investments that reduce carbon emissions and pollution, enhance energy and resource efficiency, and prevent the loss of biodiversity and ecosystem services. Range: Today the range of fields of the study examining the economy revolve around the social science of economics, but may include sociology (economic sociology), history (economic history), anthropology(economic anthropology), and geography (economic geography). Practical fields directly related to the human activities involving production, distribution, exchange, and consumption of goods and services as a whole, are engineering, management, business administration, applied science, and finance. All professions, occupations, economic agents or economic activities, contribute to the economy. Consumption, saving, and investment are variable components in the economy that determine macroeconomic equilibrium. There are three main sectors of economic activity: primary, secondary, and tertiary. Due to the growing importance of the economical sector in modern times, the term real economy is used by analysts as well as politicians to denote the part of the economy that is concerned with the actual production of goods and services, as ostensibly contrasted with the paper economy, or the financial side of the economy, which is concerned with buying and selling on the financial markets. Alternate and long-standing terminology distinguishes measures of an economy expressed in real values (adjusted for inflation), such as real GDP, or in nominal values (unadjusted for inflation). ………………………………………………………………………………….. Sources: Text: Text of this video has been taken from Wikipedia; which is available under the Creative Commons Attribution-ShareAlike License
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The Roaring 20's: Crash Course US History #32
 
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You can directly support Crash Course at https://www.patreon.com/crashcourse Subscribe for as little as $0 to keep up with everything we're doing. Free is nice, but if you can afford to pay a little every month, it really helps us to continue producing this content. In which John Green teaches you about the United States in the 1920s. They were known as the roaring 20s, but not because there were lions running around everywhere. In the 1920s, America's economy was booming, and all kinds of social changes were in progress. Hollywood, flappers, jazz, there was all kinds of stuff going on in the 20s. But as usual with Crash Course, things were about to take a turn for the worse. John will teach you about the Charleston, the many Republican presidents of the 1920s, laissez-faire capitalism, jazz, consumer credit, the resurgent Klan, and all kinds of other stuff. Hey teachers and students - Check out CommonLit's free collection of reading passages and curriculum resources to learn more about the events of this episode. The Roaring Twenties was characterized by great highs: https://www.commonlit.org/texts/the-roaring-twenties However, the Roaring Twenties ended with the country's most tragic low, the Great Depression: https://www.commonlit.org/texts/the-great-depression Follow us! @thecrashcourse @realjohngreen @crashcoursestan @raoulmeyer
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zija stories What is Zija What is in Zija What is Moringa A Business and Health Singularity
 
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Electric Smoker King | How To Choose From Electric Smoker King
 
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http://www.youtube.com/watch?v=sy42X_E-lB8 Found this ass kicking video on a channel. Introducing a NEW tool 'Amazon Discount Finder' on our website http://ElectricSmokerReviewsInfo.com in assisting our visitors in locating discounted items on Amazon. If you find this tool helpful, please do LIKE, SHARE, COMMENT and FOLLOW US on Facebook and other social networks. Thank you for your interest and happy shopping with discounted prices at Amazon! https://www.youtube.com/watch?v=sy42X_E-lB8 http://youtube.com/user/ElectricSmokerReview http://www.youtube.com/watch?v=JCG5MzZ3E98 http://www.youtube.com/user/ProductReviewsHub Think back to the first time you ever heard of electric smoker king. At first glance electric smoker king may seem unenchanting, however its study is a necessity for any one wishing to intellectually advance beyond their childhood. Though electric smoker king is a favourite topic of discussion amongst monarchs, presidents and dictators, spasmodically it returns to create a new passion amongst those who study its history. Often it is seen as both a help and a hinderence to the upper echelons of progressive service sector organisations, who form the last great hope for our civilzation. Complex though it is I shall now attempt to provide an exaustive report on electric smoker king and its numerous 'industries'. Comparisons between Roman Society and Medieval Society give a clear picture of the importance of electric smoker king to developments in social conduct. I will not insult the readers inteligence by explaining this obvious comparison any further. Back when Vealinger reamarked 'the power struggle will continue while the great tale of humanity remains untold'He saw clearly into the human heart. More a melody to societies dysfunctions than a parody of the self, electric smoker king demonstrates a coherent approach, something so lacking in our culture, that it is not recognised by all. When one is faced with people of today a central theme emerges - electric smoker king is either adored or despised, it leaves no one undecided. Clearly it promotes higher individualism and obeyence of instinct. As soon as a child meets electric smoker king they are changed. The dictionary defines economics as 'the social science concerned with the production, distribution, exchange, and consumption of goods and services'. We will study the Inter-Spam model. For those of you unfamiliar with this model it is derived from the Three-Amigos model but with greater emphasis on the outlying gross national product. Indisputably there is a link. How can this be explained? In spite of the best efforts of The World Bank transport costs is in financial terms 'holding hands with electric smoker king.' Strong fluctuations in investor confidence have been seen over the past two financial years. Politics has in some areas been seen to embrace an increasing ananiathesis of intergovernmentalism leading to neo-functionalism. Comparing the electoral politics of most Western and Eastern European countries is like comparing electric smoker kingilisation, as it's become known, and one's own sense of morality. Consider this, spoken at the tender age of 14 by the uncompromising Demetrius B. Adger 'Political idealists must ideally deal, for I daily list my ideals politically.' Considered by many to be one of the 'Founding Fathers' of electric smoker king, his words cannot be over-looked. I feel strongly that if politicians spent less time thinking about electric smoker king and put more effort into their family life, that we would have a very different country. I wait anxiously. What will the next few years bring for electric smoker king? In my opinion electric smoker king is, to use the language of the streets 'Super Cool.' It sings a new song, applauds greatness and statistically it's great. One final thought from the talented Whoopi Jackson: 'It's been nice educating you.' Way to go, Electric Smoker King ! Enjoy BBQ smoke cooking. Nice. https://www.youtube.com/watch?v=sy42X_E-lB8 http://youtube.com/user/ElectricSmokerReview http://www.youtube.com/watch?v=JCG5MzZ3E98 http://www.youtube.com/user/ProductReviewsHub Start your electric smoker this summer.
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What is ECONOMIC SYSTEM? What does ECONOMIC SYSTEM mean? ECONOMIC SYSTEM definition & explanation
 
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What is ECONOMIC SYSTEM? What does ECONOMIC SYSTEM mean? ECONOMIC SYSTEM meaning - ECONOMIC SYSTEM pronunciation - ECONOMIC SYSTEM definition - ECONOMIC SYSTEM explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. An economic system is a system of production, resource allocation, exchange, and distribution of goods and services in a society or a given geographic area. It includes the combination of the various institutions, agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community. As such, an economic system is a type of social system. The mode of production is a related concept. All economic systems have 3 basic questions to ask: what to produce, How to produce and in what quantities, and who receives the output of production. The study of economic systems includes how these various agencies and institutions are linked to one another, how information flows between them, and the social relations within the system (including property rights and the structure of management). The analysis of economic systems traditionally focused on the dichotomies and comparisons between market economies and planned economies, and on the distinctions between capitalism and socialism. Subsequently the categorization of economic systems expanded to include other topics and models that do not conform to the traditional dichotomy. Today the dominant form of economic organization at the world level is based on market-oriented mixed economies. Economic systems is the category in the Journal of Economic Literature classification codes that includes the study of such systems. One field that cuts across them is comparative economic systems. Subcategories of different systems there include: planning, coordination, and reform, productive enterprises; factor and product markets; prices; population, public economics; financial economics, national income, product, and expenditure; money; inflation, international trade, finance, investment, and aid, consumer economics; welfare and poverty, performance and prospects, natural resources; energy; environment; regional studies, political economy; legal institutions; property rights.
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GDP And welfare Class XII Economics by S K Agarwala
 
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For the first time in INDIA, textbook in Economics, Accountancy & Business Studies with FREE Video Lectures by Eminent Authors/Subject Expert. To buy books visit www.goyal-books.com To view FREE Video Lectures visit www.goyalsOnline.com/commerce About the Book » Written strictly according to the latest syllabus prescribed by the CB.S.E., New Delhi. » Up-to-date study material provided by using the latest available data. » Elaborate explanation of the concepts. » Summary (Points to Remember) given at the end of each Chapter. » Numerical Problems from previous years' question papers incorporated and solved in the respective Chapters. » Methodology of solving typical numerical problems given wherever necessary. » Methodology of drawing typical diagrams given wherever necessary. » Comprehensive Exercises given at the end of each Chapter. » Sample Question Paper given at the end of the book. » Multi-disciplinay Problems given at the end of the books. » Video lectures on each topic with replies to queries for better and clear understanding of the concepts by the Author/Subject Matter Expert. Benefits of Video Lectures » Easy to access anytime: With video lectures, students can learn anywhere from their mobile devices: desktops, laptops, tablets or smartphones. » Students learn when they are primed to learn. » Students can pause, rewind and replay the lecture. » Eases the distraction of having to transcribe the lectures. » Self-paced learning: Students can follow along with the lecture at their own pace, going more slowly or quickly » Bookmarking: Students can bookmark the point where they're up to in the video so they can easily return and continue watching the lecture at a later point. » Searchability: Students can easily search through the lecture to find the required sub-topic they need, without having to rewind and fast forward throughout the video. » Greater accuracy: Students will understand the lecture better and can make sure that they have not misheard anything. » Facilitates thinking and problem solving: It improves research skills, collaborative working, problem solving, technology and organisational skills.
Statistics for Economics Chapter 2 | Part 3 | Meaning & Scope of Statistics - Importance and Limits
 
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Economics (XIth Grade): Statistics Importance and Limitations; Importance of Statistics in some fields relating to economics and business 00:00:09- 00:00:56 *Statistics and Economics *Statistics and Economic planning *Statistics and business planning *Statistics and government Statistics and Economics 00:00:57- 00:06:07 *Statistics and the study of consumption *Statistics and the study of production *Statistics and the study of exchange *Statistics and the study of distribution Statistics and Economic Planning 00:06:08- 00:07:36 *Most important tool *Every planning requires statistics Statistics and Business planning 00:07:37- 00:09:29 *Business Commerce, Industry *Commerce Trade, subsidiaries of trade Statistics and Business Planning (Trade) 00:09:30- 00:11:09 *Internal Wholesale, Retail *International Import, Export Statistics and Business planning (Subsidiaries of trade) 00:11:10- 00:13:39 *Banking *Transport *Insurance *Warehousing *Packing *Advertisement Statistics and Government 00:13:40- 00:16:00 *Government requires use of statistics Limitations of Statistics 00:16:01- 00:20:06 *It does not study the qualitative aspect of a problem *It does not study individuals *Statistical laws are true only on an average *Statistics can be misused *Statistics simply is one of the methods of studying a phenomenon *Statistical results lack mathematical accuracy *Homogeneity of data, an essential requirement *Without reference results may prove to be wrong *Can be used only by experts Distrust of Statistics 00:20:07- 00:23:50 *Difference in data for the same thing *Can be altered How to remove Distrust *Consideration of statistical limitations *No bias *Application by experts Click here https://www.youtube.com/watch?v=hKeaxuEeSM8&list=PLJumA3phskPEMUx8BE3D2Fnc3NlmHa0uqfor more videos on Economics (XIth Grade) Video by Edupedia World (www.edupediaworld.com). All Rights Reserved.
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NCERT Class 10 Geography Chapter 6: Manufacturing Industries
 
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In this video, Dr. Manishika Jain explains the NCERT Class 10 Geography Chapter 6: Manufacturing Industries Economic Strength is measured by Manufacturing Factors affecting Industrial Location Classification of Industries Based on Raw Material: Agro-based, mineral based Role: Key/Main, consumer Investment: Small scale, cottage or large scale Ownership: Private, public, joint or cooperatives Weight: Heavy or light Textile Industry 14% of industrial prod. 35 million people employed (next to agriculture) 24% foreign exchange earning 4% to GDP Cotton mills (1st in 1854 - Mumbai) now 1962 mills with 80% in private – handloom, powerloom Previously – Maharashtra & Gujarat (cotton, mkt. & port) Spinning (Maha, Guj & T. Nadu); weaving (khadi-charkha) decentralized Export yarn – Japan, US, UK, France, Singapore, Sri Lanka 2nd largest spindles next to China Jute Industry Largest producer of jute and jute goods 2nd exporter after Bangladesh Most mills in W. Bengal – Hugli river (1st at Rishra) Partition – mills in India, production in Bangladesh Why good location? Inexpensive water, cheap labour, producing areas, transport network, banking and insurance Support 2.6 lakh directly & 40 lakh indirectly Competition with synthetic fiber 2005- National Jute Policy Mkt- U.S.A., Canada, Russia, United Arab Republic, U.K. and Australia Env. Friendly and biodegradable Sugar Industry – Gur & Khandsari RM – bulky Transport reduces sucrose 60% in UP & Bihar Shifting to south & west – Maharashtra – higher sucrose, cooperatives & cool climate for long crushing season Iron & Steel Industry Production & consumption is index of development Iron : coking coal : manganese = 4:2:1 2016 – India 4th in crude oil production Largest producer of sponge iron Per capita consumption was 32 kg China- largest producer & consumer Max. conc. in Chotanagpur plateau (high grade, Cheap labor, low cost) Poor performance – low productivity, erratic power, High cost of coking coal, poor infrastructure Aluminum Industry 2nd after iron and steel Light Resistant to corrosion Good conductor Malleable Strong when mixed with other metals Bauxite – RM – bulky & red 8 plants – NALCO & BALCO (W. Bengal), Kerala, UP, Chhattisgarh, Maharashtra, T. Nadu Chemical Industry 3% of GDP 3rd largest in Asia 12th in world Inorganic – H2SO4, synthetic fiber, soda ash, alkalies, soap, detergent Organic: Petrochemical, rubber, plastic, dyes, pharma, drugs Fertilizer Industry NPK Potash is imported 3rd largest in nitrogenous fertilizer in world 10 PSU & 1 cooperative (Hazira, Gujarat) Green revolution & land degradation Neem coated Urea – slow dissolution Economic Strength is measured by Manufacturing @0:09 Factors Affecting Industrial Location @2:02 Classification of Industries @5:10 Raw Material @5:20 Role @5:27 Investment @5:47 Ownership @5:56 Weight @6:06 Textile Industry @6:23 Jute Industry @9:40 Sugar Industry – Gur & Khandsari @10:51 Iron & Steel Industry @11:35 Aluminum Industry @14:56 Chemical Industry @15:33 Fertilizer Industry @16:03 Cement Industry @18:41 Automobile Industry @18:58 Industrial Pollution @19:29 Control of Pollution @20:14 Treatment Types @21:07 #Competition #Jute #Weaving #Investment #Textile #Factors #Economic #Modernize #Eradicate #Industries #Manishika #Examrace Cement Industry 1st in 1904 – Chennai Expanded after 1989 – decontrol of price & distribution Large & mini-plants Construction Meet local demands Automobile Industry Jump in 15 years FDI Delhi, Jamshedpur, Pune, Indore, Hyderabad, Bangalore ICT – Software parks, BPOs Industrial Pollution Air pollution – smoke, toxic gases (Bhopal gas tragedy) Noise pollution Thermal pollution – hot water in rivers, birth defects & cancers (effluents) Water pollution – discharge in rivers Control of Pollution 1 liter discharge pollute 8 times quantity of fresh water Reuse & recycle water Harvest rainwater Treat effluents going in water Treatment types Primary: mechanical – grinding, sedimentation Secondary: biological Tertiary: recycle waste water Overdrawing of ground water – to be regulated (energy efficiency) NTPC – ISO EMS 14001 – proactive approach preserve env., minimize waste, green belts, decrease pollution & monitoring For details on IAS visit https://www.examrace.com/IAS/IAS-FlexiPrep-Program/ For competitive exam preparation visit https://www.doorsteptutor.com/Exams/
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Auto Binary Signals Review - Auto Binary Signals What To Expect
 
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Optimal decision-making and opportunity costs  | AP(R) Microeconomics   | Khan Academy
 
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Things To Consider When Choosing Paralegal Schools In Dallas Texas | TexasParalegalSchools.Info
 
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Hitler and Economics | Thomas E. Woods, Jr.
 
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Circular Flow of National Income Class XII Economics by S K Agarwala
 
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For the first time in INDIA, textbook in Economics, Accountancy & Business Studies with FREE Video Lectures by Eminent Authors/Subject Expert. To buy books visit www.goyal-books.com To view FREE Video Lectures visit www.goyalsOnline.com/commerce About the Book » Written strictly according to the latest syllabus prescribed by the CB.S.E., New Delhi. » Up-to-date study material provided by using the latest available data. » Elaborate explanation of the concepts. » Summary (Points to Remember) given at the end of each Chapter. » Numerical Problems from previous years' question papers incorporated and solved in the respective Chapters. » Methodology of solving typical numerical problems given wherever necessary. » Methodology of drawing typical diagrams given wherever necessary. » Comprehensive Exercises given at the end of each Chapter. » Sample Question Paper given at the end of the book. » Multi-disciplinay Problems given at the end of the books. » Video lectures on each topic with replies to queries for better and clear understanding of the concepts by the Author/Subject Matter Expert. Benefits of Video Lectures » Easy to access anytime: With video lectures, students can learn anywhere from their mobile devices: desktops, laptops, tablets or smartphones. » Students learn when they are primed to learn. » Students can pause, rewind and replay the lecture. » Eases the distraction of having to transcribe the lectures. » Self-paced learning: Students can follow along with the lecture at their own pace, going more slowly or quickly » Bookmarking: Students can bookmark the point where they're up to in the video so they can easily return and continue watching the lecture at a later point. » Searchability: Students can easily search through the lecture to find the required sub-topic they need, without having to rewind and fast forward throughout the video. » Greater accuracy: Students will understand the lecture better and can make sure that they have not misheard anything. » Facilitates thinking and problem solving: It improves research skills, collaborative working, problem solving, technology and organisational skills.
NCEA Level 3 - Government policy and the economy
 
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An introduction to how government fiscal policy can impact on the New Zealand macro-economy aimed at NCEA Level 3 Economics.
Views: 623 Philip Jellyman
POLITICAL THEORY - Karl Marx
 
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Karl Marx remains deeply important today not as the man who told us what to replace capitalism with, but as someone who brilliantly pointed out certain of its problems. The School of Life, a pro-Capitalist institution, takes a look. For gifts and more from The School of Life, visit our online shop: https://goo.gl/O1tWri Download our App: https://goo.gl/kj9Vvr FURTHER READING “Most people agree that we need to improve our economic system somehow. It threatens our planet through excessive consumption, distracts us with irrelevant advertising, leaves people hungry and without healthcare, and fuels unnecessary wars. Yet we’re also often keen to dismiss the ideas of its most famous and ambitious critic, Karl Marx. This isn’t very surprising. In practice, his political and economic ideas have been used to design disastrously planned economies and nasty dictatorships. Frankly, the remedies Marx proposed for the ills of the world now sound a bit demented. He thought we should abolish private property. People should not be allowed to own things. At certain moments one can sympathise. But it’s like wanting to ban gossip or forbid watching television. It’s going to war with human behaviour. And Marx believed the world would be put to rights by a dictatorship of the proletariat; which does not mean anything much today. Openly Marxist parties received a total of only 1,685 votes in the 2010 UK general election, out of the nearly 40 million ballots cast…” You can read more on this and many other topics on our blog TheBookofLife.org at this link: https://goo.gl/Rt3zri MORE SCHOOL OF LIFE Our website has classes, articles and products to help you think and grow: https://goo.gl/93tGtZ Watch more films on POLITICAL THEORY in our playlist: http://bit.ly/2dma0Sn Do you speak a different language to English? Did you know you can submit Subtitles on all of our videos on YouTube? For instructions how to do this click here: https://goo.gl/1DEZOx SOCIAL MEDIA Feel free to follow us at the links below: Download our App: https://goo.gl/kj9Vvr Facebook: https://www.facebook.com/theschooloflifelondon/ Twitter: https://twitter.com/TheSchoolOfLife Instagram: https://www.instagram.com/theschooloflifelondon/ CREDITS Produced in collaboration with: Mike Booth http://www.YouTube.com/somegreybloke #TheSchoolOfLife
Views: 4314219 The School of Life
INTRO CHAPTER 13 The Open Economy in the Long Run
 
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Introduction to Chapter 13 in MACROECONOMICS by Nils Gottfries
Views: 1736 Nils Gottfries

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