Key Concepts of Economy FULL CHAPTER | Indian Economy Chapter 1 | UPSC Preparation

Unlock the door to economic wisdom as we dive into the comprehensive chapter on Key Concepts of Economy in Indian Economy Chapter 1. In this captivating video, we unravel the fundamental principles that underpin the functioning of economies.
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0:00 - 2:16 - Introduction
2:17 - 4:07 - Economy for Prelims
4:08 - 5:41 - Types of Questions
5:42 - 10:25 - Approach
10:26 - 14:05 - Economy vs Economics
14:06 - 18:55 - Microeconomics vs Macroeconomics
18:56 - 21:50 - Fundamental Questions of Economy
21:51 - 28:58 - Types of Economy
28:59 - 34:19 - What is a Capitalist Economy?
34:20 - 35:53 - Who is the Invisible Hand?
35:54 - 43:03 - Capitalist Economy - Contd
43:04 - 43:39 - Oxfam Inequality Report
43:40 - 49:33 - What is a Socialist Economy?
49:34 - 53:49 - What is a Mixed Economy?
53:50 - 55:30 - Pro Business and Pro Crony
55:31 - 55:53 - Welfare State
55:54 - 1:03:53 - Economic Goods
1:03:54 - 1:06:19 - Factors of Production
1:06:20 - 1:07:14 - Normative Economics
1:07:15 - 1:11:09 - Sectors of Economy
1:11:10 - 1:15:03 - Production Possibility Frontier
1:15:04 - 1:17:47 - What is Opportunity Cost?
1:17:48 - 1:20:47 - Kuznet Curve
1:20:48 - 1:32:46 - Practice Questions


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