Pigou's Wage-Price Flexibility | Economics |

[@nandinibansal2087]

First time comment kr rahi hu kisi ki video per awsome teaching keep it up

[@allinallwithlovely]

Thank you so much .. it means a lot :)

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Mam u nd your knowledge in economics subject both are amazing .

[@allinallwithlovely]

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[@allinallwithlovely]

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You have depth knowledge in economics. Loved this video

[@allinallwithlovely]

thank you :)

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Wowwww u explained flawlessly😍

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Fantastic explanation ❤

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[@allinallwithlovely]

Happy to help you Aditya :)

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thank you ma'am

[@tejaswininayak54]

Thank you mam 🥰 very good 👍 explanation

[@allinallwithlovely]

Most welcome :)

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outstanding explanation skill

[@palakverma8043]

Well explained!!!

[@ankitachaudhary6614]

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[@allinallwithlovely]

Thank you Ankita :)

[@ankitachaudhary6614]

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Really tought very well.........

[@allinallwithlovely]

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"Competitive Equilibrium under Closed Economy One Period " ek video bna do ess pr bhi

[@aryanraj3921]

So sweet and nice explanation

[@bushrasarwer2933]

Please make some vedies on all theories on macro economics classical neo classical and keynesian theories

[@shilpamishra518]

Nice topics and nice teaching ☺😊

[@allinallwithlovely]

Glad you liked it !

[@ranjeetsaini221]

Aap ka pahla hi video deka h .it's nise explanation

[@allinallwithlovely]

Thank you :)

[@Akash786ify]

*Nice 👌 lecture* Plz make more videos on Micro/Macro Concepts💡

[@allinallwithlovely]

Sure I will :)

[@sgour2313]

Great job.

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Thanks

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Nice explanation

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Nice

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Great

[@syedzahirvlogs]

Keynesian view on effect of wage cut on unemployment kra diye mama

[@shortcuts810]

Thank you

[@ujjwal6681]

Why we say that there is inverse relationship between Inflation and unemployment. You said that with the decrease in price, employment will increase. Then there should be positive relationship between unemployment and inflation.

[@SonuPrajapati-lk3zq]

You didn't explain Money market equilibrium and Goods market equilibrium in classical theory of output and employment. Please explain.

[@allinallwithlovely]

Okay thanks for the suggestion :)

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vey easy yr thanxx didi

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Happy to help always Subscribe the channel for more. :)

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[@poojavidhu2976]

Balance budget theorum

[@bohemiafan698]

Mam what's pigous method

[@gurmandeepsingh9473]

Mam muza sabhi samaj lag Gaya per ek bat pichinti this ke price to product ka vahi hota jenka base per hum product sell karta to cost of production ma doubt tha ke cost of matara hoti jasa ke producer na ketni matara ma product produce keya

[@allinallwithlovely]

Just understand this by an example Suppose you are a producer and you have produced 100 goods and total cost isko produce krne ka hua Rs 10,000 that means you incurred Rs 10,000 as a cost of production. Cost of production depend krti hai factors of prod uction pe jo ki hai Land, Labour ,Capital and organization. and so you incurred cost as given below Rs 3000= Land Rs 3000= Labour (150 Rs per Labor so there is 20 Labors coz 150X20= Rs 3000) Rs 3000= Capital Rs 1000= Organisation Total=3000+3000+3000+1000 =Rs 10,000 and now you are selling your 100 goods at a price of 120 Rupee per good so you will earn 120X100= Rs 12000 as revenue Agar Labour ko dene wala wage rate kam kr diya jaye 150 Rs per labour k place par 100 Rs per labour kr diya jaye toh labour ki cost ho jayegi 100X20= Rs 2,000 (which was earlier Rs 3,000) So as a producer your cost will reduce from Rs 10,000 to 9,000 and hence you will sell your product at cheaper rates. so demand of your product will increase because if price goes down demand for that product goes up and so you will employ more labours to increase your output. reverse happens when wage rates are increased which increases your cost and hence u will raise the prices and so demand will fall and so your output will also fall leading to reduction in employment. This is what Pigou put forth and was later criticized by Keynes.

[@abbajabba007]

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[@ujjwal6681]

Phillips curve, IS LM curve krvado🙏

[@gurmandeepsingh9473]

Mam please humble request ha fiscal policy explan karvado

[@allinallwithlovely]

yes Gurmandeep I will be uploading this topic by tomorrow. just could not upload it cause of some technical issue. :)

[@gurmandeepsingh9473]

Thanku mam

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Ooo

[@nabilkhan3556]

Aap bahot cute ho ek baar