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Ten Principles of Economics in Hindi

This video discusses about the Ten Principles of Economics in detail: A. How People Make Decisions Principle 1: People face trade-offs Principle 2: The cost of something is what you give up to get it Principle 3: Rational People think at the Margin Principle 4: People Respond to Incentives B. The Principles Of How People Interact Principle 5: Trade can make everyone better off Principle 6: Markets are usually a good way to organize economic activity Principle 7: Governments can sometimes improve market outcomes C. The Principles Of How The Economy As A Whole Works Principle 8: A country’s standard of living depends on its ability to produce goods and services Principle 9: Prices rise when the government prints too much money Principle 10: Society faces a short-run Trade-off between inflation and unemployment 𝗙𝗼𝗿 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 / 𝗣𝗿𝗼𝗺𝗼𝘁𝗶𝗼𝗻𝘀 𝗥𝗲𝗹𝗮𝘁𝗲𝗱 𝗤𝘂𝗲𝗿𝗶𝗲𝘀 Contact 𝗮𝘁: [email protected] You can also visit us at: https://www.managementclasses.org   / mgtclasses      / managementclasses     / managementclas1     / mgtclass