Economics@PayalSingh

INTRODUCTION TO MACROECONOMICS MEANING OF AN ECONOMY- An economy is a system which provides people with the means to work and earn a living. DEFINITION OF ECONOMICS - Economics studies human behavior as a relationship between means i.e. resources and ends i.e. human wants. Economics aims to make sure that limited resources are optimally utilized in the best possible manner.In other words,  Economics   is a social science concerned with proper use and allocation of resources for the achievement and maintenance of growth stability. BRANCHES OF ECONOMICS - The study of economics can be broadly divided into two branches – Microeconomics and Macroeconomics. MEANING OF MICROECONOMICS -The term “micro” has been derived from the Greek word “mikros” which means small.  Microeconomics is that branch of economic theory that studies the behavior of individual units of an economy.  Individual income, individual output, price of a commodity etc. are examples of ...

22.5.2020 RBI reduces REPO RATE from 4.4% to 4%

LINK to my videos- Economic reforms since 1991- Need https://youtu.be/4oAIohZeAxM Economic reforms since 1991- Liberalisation https://youtu.be/510QvLZUW2k Economic reforms since 1991- Privatisation https://youtu.be/1TLkmTRdsC0 Economic reforms since 1991- Globalisation https://youtu.be/ESfL90nbwfs Poverty- Part 1 https://youtu.be/GFSVo75jOnM Poverty- Part 2 https://youtu.be/8Pk5szUdjzE

My youtube channel link - https://www.youtube.com/channel/UCpED1keMCvQ9eYym-f_W_JA

    All the text books from class 1 to 12 are available  here in PDF & flip book form. Share it with all your friends & relatives to take an advantage of downloading it. https://drive.google.com/folderview?id=1fTRvhiriVwY-dP4m2uxQDi0AE_XD8vXK

Dear Learners, My Google class is running. Most of my students have already joined the class and participating enthusiastically. I just want to say if any other student also wishes to join my class(irrespective of any KV) , the student may send me his or her email ID so that he or she too can join my class.