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In this session, the chapter ' The nature of the economics Problem' has been explained. The chapter consists of
- The nature of the economics problem
- Definition of Basic Economics problem
- Economic Agents
- Private Sector
- Public Sector
- Definition of Goods and Services
- Definition of Needs and Wants
- The Definition of Free Goods and Economic Goods.
The notes have been uploaded in the exercise section.
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Session 1: The nature of the economic problem
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The basic economic problem
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Part 1 12 mins
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Demo video
Part 1
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Part 2 6 mins
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Demo video
Part 2
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Part 1 12 mins
View Demo
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The basic economic problem
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Excercise Files
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