Ch. 2 Fundamental Concept and Terminology | Part 1 | Economics￼ | 11th GSEB | CA Mohit Taparia |￼
Channel: SHAPERS EDUCATION
Date: 2021-08-13

Hello students , 

This video will provide you understanding to different amount of concepts and terminologies which are useful then further understanding of economics. In this video first we are going to discuss price and value￼. In this video we will discuss in detail the types of value that is use value and exchange value￼. 
After that we have discussed in detail goods and services and also different types of goods which are as follows
Intangible goods and tangible goods
Non-economic goods and economic goods
Durable goods and perishable goods
Private goods and public goods
Consumer goods and produce a goods

Also we are going to discuss the concept of wealth and welfare.￼Also we are going to discuss meaning and characteristics of wealth and also types of wealth which are as follows
Individual wealth and social wealth
National wealth and international wealth.

Hope this video helps in making your learning easy and interesting. The further part of this chapter is discussed in the second video this video is only one part of the book chapter.

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TeamSHAPERS

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