Course Content
Basic Concepts on Economics
This lesson provides the description of goods and students are able to define goods and classify them on different basis.
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Concept, Definition, nature and subject matter of economics
This lesson contains the basics of economics. After completion, students will be able to define economics
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Market
This lesson explains about the basic concept of market. After studying, students will be able to explain about market
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Land and Rent
This chapter explains about the factors of production and Land as a Factor of production
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Labour and Wage
This Lesson describes about Labour and also explains its characteristics. After studying, students will be able to define labour and show the different characteristics of labour.
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Capital and Investment
This Lesson describes Capital. After studying, students will be able to explain about capital and distinguish between different types of capital.
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Organization and Profit
This topic will dal with the concept of organization and profit.
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Theories of Population
This topic will discuss about various theories of population.
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Learn Principle of Economics with Rahul
About Lesson

a) Malthus focused his attention on food production, whereas the optimum theory takes into consideration of economic development in all its aspects.

b) Malthus seemed to be thinking of maximum number for a country, which, if exceeded, would bring misery. According to the optimum theory, there is no rigidly fixed maximum population.

c) According to Malthus, famine, war and disease were the indicators of over population. But the declining trend of per capita output would indicate the over population as per the optimum theory.

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