NCERT Class 12 Microeconomics Chapter 1: Microeconomics Introduction (Examrace) | CUET Economics

Dr. Manishika in this session explains NCERT Class 12 Economics Part 1 Chapter 1: Microeconomics
Microeconomics @0:15
Goods @1:04
Individual @1:30
Resources @1:43
Production Possibility Curve @5:41
2 Economic Problems Faced by Society @7:22
Central Problems of an Economy @7:38
Production Possibility Frontier @9:00
Organization of Economic Activities @10:24
Centrally Planned Economy @10:33
Market Economy @10:53
Positive & Normative Economics @12:46
Microeconomic and macroeconomics @13:32
#Frontier #Clothing #Distribution #Production ##Consumption #Collectively #Weaver #Bullock #Resource #Tangible #Manishika #Examrace

Individuals has some amount of few goods they would like to use
Family farm – small land, grains, farming implements or bullocks
Each decision making units can produce goods and services which it needs
Weaver can get the goods and services that she wants in exchange for the cloth she produces in her yarn
Each individual can use their resources to fulfill the needs

Central Problems of an Economy
• Production, exchange and consumption of goods and services
• Every society faces scarcity of resources
• Scarcity of resources leads to choice
• Scarce resources have competing usages
• Decide how to use scarce resources
• What is to be produced and in what quantities? – whether food, clothing or housing, basic education
• How are these goods produced? Use more labor or machines
• For whom are these goods produced? Who gets how much? How should produce be distributed? Who gets more or less? #examrace #upsc #ugcnet

[tanvi]

I just am in awe! I mean how do you manage so many subjects, honestly one of the best teachers on the planet. You have a vast knowledge of almost every single subject and every single topic that too in depth.

[konikagayen]

For those who are just starting, this sequence will be helpful:
microeconomics: lecture number1, 2, 5, 8, 9 and 7.
macroeconomics: lecture number 3, 12, 4, 6, 13, 10, 11, 14 and 15.
happy learning, really helpful lectures.

[pujasharma-mlrj]

Thanks A lot examrace team. May God bless you all.

[moumita]

Hi ma'am. Today I saw you on Living Foods channel. You were showing the thali of Andhra Pradesh. Was happy to see you on TV. Nevertheless, I really appreciate your arduous task of dealing with so many subjects on this platform. Even some of your courses have been really helpful for me. A BIG thank you to you. By the way, I would love to see you and hear your voice on national television more often. Love n regards ... ♡ :)

[zaherabegum]

maam im really gratefull by seeing ur video..tq maam for explainimg topics so easily..maam pls make videosfor all chaptrs of economics ...maam ive not found part 2, chaptr 2 frm ur channel..

[aanandkumar]

Mam plzz make videos on All Chapters of NCERT Class 12 Economics Microeconomics as well as Macroeconomics too plzz

[SANTOSHSINGH-ggcw]

Mam you have done a great job with NCERT videos..Your work is appreciable.Please complete the class 12 videos of Economics.

[Simplifyingfitness]

Hello ma'am,
I'm class 12 private student
This introductory chapter of economics was really well explained.. Thank you and I request you to add more chapters of economics 🙏

[pallavilokesh]

Thanku so much it's help me too teaching very easily by stu

[thanaalmuhammedshamseer]

amazing video...explains topics very well
but pls do make sure to reduce ads as they distract the concentration in the middle of classes
thank you

[amitankitkumar]

Excellent mam, one of the best lecture .

[balareddy]

Mam super it is so easy to understand by images of examples tq

[tunesofsoul]

Thanks a lot, Ma'am... We thoroughly enjoyed your session!!

[kangkana]

I discovered your channel today. 😍😍 and I'm glad that i did ❤❤

[dr.ravindrakumar]

It's great ..Fine knowledge.. Thanks a lot

[jirmiterangpi]

Great teaches economic for class 12.thank you

[anuradhab]

Really Really clear explanation thanks a lot mam

[nitinshirsat]

Thank u ma am and ur english is very easy to understand and the video was really helpful

[prudhviraj]

thank you mam your classes are awesome, especially gc leong classes are good. thank you for your effort

if possible please make classes on 12 th class geography ncert.

[shreyarokade]

Nice lec. Mam ....plz upload other chapters for class 12 NCERT