What is Market in Economics? | Complete Concept with Examples | UPSC
Автор: SMART SPRINT-UPSC
Загружено: 2026-01-02
Просмотров: 11
In this video, we explain the concept of Market in Economics in a simple, clear, and exam-oriented manner.
You will understand what a market really is, how it functions, and why markets are central to price determination and resource allocation in an economy.
This lecture covers:
• Meaning and definition of Market
• Market as a system, not just a place
• Role of buyers and sellers
• How price is determined through demand and supply
• Importance of markets in an economy
• Relevance for UPSC Prelims, State PCS, and other competitive exams
The explanation is concept-based, graph-linked, and UPSC-oriented, helping beginners as well as serious aspirants build a strong foundation in economics.
📚 Perfect for:
UPSC Prelims | State PCS | SSC | Banking | School & College Economics
👉 Watch till the end for crystal-clear understanding with real-life examples.
#upscprelims #upsceconomics #microeconomics #economicsforupsc #choice #circularflowofincome #classificationofgoods #crosselasticity #upsc #demandandsupply
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