11th New Syllabus Maharashtra 2020| Economics Chp.1. BASIC CONCEPTS OF ECONOMICS Lecture 3

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This video explains 11th new syllabus maharashtra 2020 Economics Chp.1 Basic Concepts Of Economics .In this video we try and understand 1) Want and classification of wants
CHARACTERISTICS OF WANTS
WANTS ARE UNLIMITED
WANTS DIFFER WITH GENDER
WANTS DIFFER DUE TO CULTURE
WANTS ARE RECURRING IN NATURE
WANTS DIFFER WITH AGE
WANTS DIFFER DUE TO PREFERENCES.
WANTS DIFFER WITH SEASONS.

CLASSIFICATION OF WANTS
1.ECONOMIC WANTS AND NON- ECONOMIC WANTS
2.INDIVIDUAL WANTS AND COLLECTIVE WANTS
3.NECESSITIES, COMFORTS AND LUXURIES



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Tags:
hsc commerce
#economics
new syllabus
class 11th commerce
fyjc maharashtra board
11th economics
11th commerce studies
11th commerce lectures
new syllabus class 11th
basic concepts of economics
want
utility
unlimited want
recurring wants
classification of wants
economic & non economic want
individual and collective want
necessaries
comfort
luxuries