Return to a Scale | BECC 101 | Eco H |
Channel: MAHAVIDYA : IGNOU Economics
Date: 2023-03-21

Return to a Scale | BECC 101 | Eco H |


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Website 
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Link of Separate Channel Link For UPSC ECONOMICS
https://www.youtube.com/channel/UCmzV9jl9ozBqvZKQnuQsVyw
Our channel for commerce students  VE Academy of Commerce
https://youtube.com/channel/UCk8X09gAWVdMNBBu_iHOotQ


Link of Separate Channel Link For UPSC ECONOMICS
https://www.youtube.com/channel/UCmzV9jl9ozBqvZKQnuQsVyw


DEMO 
ENGLISH MEDIUM
MICROECONOMICS
https://youtube.com/playlist?list=PL8X-3l6UFjXiMTTdsOdBFE3LxJimmTkXH
MACROECONOMICS 
https://youtube.com/playlist?list=PL8X-3l6UFjXgAQXfH2dMMO2bs4aJUBWuH
INTERNATIONAL ECONOMICS 
https://youtube.com/playlist?list=PL8X-3l6UFjXiDEtciC5a_T8SFOBecY6bO
PUBLIC FINANCE
https://youtube.com/playlist?list=PL8X-3l6UFjXi4htSdSSa8I6rghGkUjbM2
STATISTICS 
https://youtube.com/playlist?list=PL8X-3l6UFjXjrlu1ud41yS-ZJd75CofTF
Environmental Economics
https://youtube.com/playlist?list=PL8X-3l6UFjXiG3fYscxoWWr4QQ2Qf3LxX
ECONOMIC GROWTH AND DEVELOPMENT
https://youtube.com/playlist?list=PL8X-3l6UFjXg2clMxQSCr0Rg8vxhTosk0


HINDI MEDIUM 
1 व्यष्टि अर्थशास्त्र
https://youtube.com/playlist?list=PL8X-3l6UFjXimD4VOI6nxmfRyllb9cMOi
2 समष्टि अर्थशास्त्र
https://youtube.com/playlist?list=PL8X-3l6UFjXjsMycrFfmxrwaXdifOUZ_L
3 अंतरराष्ट्रीय व्यापार
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4 लोक वित्त
https://youtube.com/playlist?list=PL8X-3l6UFjXgMc46Y6mDUmGxZ7EHxdkN0
5 मुद्रा एवं बैंकिंग
https://youtube.com/playlist?list=PL8X-3l6UFjXg-N69C4eiboU0pO1F-wpYY
7 भारतीय अर्थव्यवस्था
https://youtube.com/playlist?list=PL8X-3l6UFjXjuZVCsvJ_bBj6-m9aa4mHU
पर्यावरणीय अर्थशास्त्र
https://youtube.com/playlist?list=PL8X-3l6UFjXjsTpckPFqST04uMOA6YmLL
8 जनांकिकी
https://youtube.com/playlist?list=PL8X-3l6UFjXhfQCM5ANHUWvqa1Hlgs8l5
9 सांख्यिकी
https://youtube.com/playlist?list=PL8X-3l6UFjXhvzuiK3pSgFtyudkC96z34










Difference between public finance and private finance
Basis Public finance  Private finance
Definition Public Finance is a study of government revenue and expenditure activities. Private finance is the study of the revenue and expenditure of individuals and private entities.


Objective The objective of public finance is to benefit the public. The objective of private finance is to make a profit.


Budget The government chose a deficit budget. Private individuals prefer a surplus budget.
Motive of Expenditure  Government makes a transaction for
public benefit private individuals make business transactions for profit.
Long term consideration  The government invests in projects that are beneficial for the public. Private investors put their money where the returns are quick and immediate.


Determination of expenditure. The government first decides the amount of expenditure and then finds resources of income. A private individual considers income first and then decides how much to spend.




Role of the public sector (role of the Government)
1. Securing conditions for functioning market mechanism government (Regulation and measures are needed)
2. Providing legal framework (the contractual agreement and exchange)
3. Provision of public goods and merit goods when the market field provides these goods.
4. Correcting the problem arising from externalities 
5. Correcting in equal distribution of income and wealth (Transfer of Property rights)
6. Securing social objectives (high employment level, price level stability, Desired rate of growth, poverty eradication, and economic development)
7. Controlling monopoly