The Price Puzzle: What drives the Market🔥| Class 9 New SST NCERT Chapter 9 One Shot | Gautam Lakhani
Gautam Lakhani (SST Waale Bhaiya)
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The Price Puzzle: What drives the Market🔥| Class 9 New SST NCERT Chapter 9 One Shot | Gautam Lakhani
453 просмотра · 1 день назад
Gautam Lakhani (SST Waale Bhaiya)
2,44 тыс. подписчиков
453 просмотра · 1 день назад
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In this Class 9 New SST NCERT Chapter 9 One Shot, Gautam Lakhani explains “The Price Puzzle: What Drives the Market” in a simple, exam-oriented and easy-to-understand way.
This complete lecture covers the important concepts related to markets, prices, demand and supply, buyers and sellers, market forces and how prices are determined. The chapter is explained from the New NCERT Class 9 Social Science book with a focus on understanding concepts and preparing effectively for exams.
Timestamps:
00:00:00 Introduction
00:05:40 What is Demand?
00:07:50 Law of Demand
00:11:00 Individual Demand
00:14:22 Market Demand
00:18:56 Other Determinants of Demand
00:21:30 Price of Related Goods
00:27:17 Income of the Consumer
00:29:14 Taste and preference of the buyer
00:31:05 Law of Diminishing Marginal Utility
00:32:20 Seasonality
00:34:06 Future price expectations
00:37:59 What is Supply?
00:39:35 Law of Supply
00:42:35 Individual Supply
00:44:20 Market Supply
00:45:40 Other Determinants of Supply
00:47:40 Price of Related Goods
00:49:05 Number of sellers in the market
00:51:15 Technology
00:52:40 Future expectations
00:55:20 Market Equilibrium
00:58:40 Does Market Equilibrium Exist in the Real World?
01:03:10 THINK ABOUT IT
01:05:07 Role of Government in the Market
01:06:30 Regulation of Unfair Practices
01:11:10 Provision of Public Goods
01:13:00 Limitations of Government Intervention
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