Types of Goods in Nepali || New Syllabus || Class 11 || Economics

This video is all about the ‘Types of Goods’ taken from the first chapter called ‘Basic Concept of Economics and Distribution of Resources’. The various types of Goods are
Normal Goods:
A normal good is a good that experiences an increase in its demand due to a rise in consumers' income. Normal goods have a positive correlation between income and demand. Examples of normal goods include food staples, clothing, and household appliances.
Inferior Goods:
Inferior goods are the opposite of normal goods. Inferior goods are goods that see their demand fall as consumers' incomes rise. In other words, as an economy improves and wages rise, consumers would rather have a more costly alternative than inferior goods. However, the term "inferior" doesn't refer to quality, but rather, affordability.
Giffen Goods:
Giffen goods are rare forms of inferior goods that have no ready substitute or alternative such as bread, rice, and potatoes. The only difference from traditional inferior goods is that demand increases even when their price rises, regardless of a consumer's income.
Substitute Goods:
Those goods which are used in place of each other are called substitute goods. In absence of one, another good can be used. They are also called competitive goods. For example, Coca-Cola and Pepsi are substitute goods.
Complementary Goods:
Those goods which jointly satisfied want are called complementary goods. They are either purchased together or used together. For example, Fountain Pen and Ink are complementary goods.
Public Goods:
Those goods which are common to all and owned by society collectively are called public goods. Public goods are the ones which are provided by the nature or the government for free use by the public. For example, roads, bridges, national defense, etc.
Private Goods:
Private good, a product or service produced by a privately owned business and purchased to increase the utility, or satisfaction, of the buyer. The majority of the goods and services consumed in a market economy are private goods, and their prices are determined to some degree by the market forces of supply and demand. For example, land, building, vehicles, etc. are private goods.
Free Goods:
A free good is a good that is not scarce, and therefore is available without limit. A free good is available in as great a quantity as desired with zero opportunity cost to society. free goods, such as air, are naturally in abundant supply and need no conscious effort to obtain them.
Economic Goods:
A good is an "economic good" if it is useful to people but scarce in relation to its demand so that human effort is required to obtain it. Economic goods are those which have a price and their supply is less in relation to their demand or is scarce.

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[Adhikari-js]

हामी नेपाली बिषयका विद्यार्थी लाई नेपाली बाटै लेखिदिएको प्रभाबकारी हुन सक्छ। अनि सक्नु हुन्छ भने आउदै गरेको फाइनल परिक्षा को लागि अर्थशास्त्र, अकाउन्ट र व्यावसायिक अध्यन का नमुना प्रश्नपत्र र solution सङ्गै जति सक्दो चाडो भिडियो ल्याइदिनु होला। धेरै आस मा बसेको छु।

[दिनविशेष-बच]

Friends takes books as reference 🙂 I looks your video for reference 💕
Thanks for a great teacher

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म मध्यम स्तर को विद्यार्थी हु। अहिले सम्म अकाउन्ट को 20% पनि राम्रो आउदैन। अरु बिषय को के कुरा गरौ। नेपालि माध्यम बाट पढिरहेको छु। लकडाउन ले गर्दा पुस्तक पसल खुल्ला छैन 77/78 को नमुना प्रश्नपत्र कति खोजे सन्जाल मा काहीँ कतै पाउन सकिन। यो बर्ष का कक्षा ११ को परिक्षा दिन तयारी अवस्था मा बसेका बिद्यार्थिका लागि अति सम्भाबित मानिने अर्थशास्त्र अकाउन्ट र व्यावसायिक अध्यन का नमुना प्रश्न पत्र सहित उत्तर शृङ्खला लिएर उपस्थित हुनुहुन्छ भन्ने आसा राखेको छु।

[punamsharma]

please explain other two types goods also

[prakritipokhrel]

Guruba, national income accounting ko pni video gardinu paryo😫😫

[sukrababu]

thank you so much sir yegdam bujayera padaunu hunxa

[aruseyyy]

economic good and free goods pani add gardinus na sir

[bishalbhandari]

Sir, Types of economy ko ni banauna plz useful hunay xa paxi ko Lagi pani

[kiranjoshi]

Revenue Vs capital expenditures ko details video banauna sir .

[kapilkarki]

Sir yeuta questions if income of Household increase by 40% what is the income elasticity of demand, what kind of good is car for household?

[hancy__razz]

plz sir make complete video of economics book in sequence wise

[Yaakuza]

Nice babal sahi lago ho malai padhako ❤❤❤❤

[dipakpatel]

Love you sir 💕 and thank you so much ...

[bigyatumyang]

Derivative ko pani banaidinuna sir please

[HastaBk-sl]

Sir class 11 economic ko chapter 3 ko hashib gardinu na plz❤

[krishanepal]

Umm dada exam related question solution ko video banaisyo na plz hamro lagi helpful hunexa help garnus na da

[nabinpoudel]

Sir class 12 ko business math ko banunu na plz

[yobuddy]

Bbs first year ko aru vdo pani sir❤️❤️