इंस्टिड आफ एंप्लॉयमेंट क्विज

Understanding Classical Economics

• Singh Thakur Rajendra is discussing the topic of Equated Complete Month in the video.
• Future of Employment was discussed earlier in the video, referring to Classical Fuel Filter Element and Complete Macro-Economic Play List.
• The discussion started with the "Instead of Employment" but before that, the classical discussion was about perfect competition's capsicum and long run.
• Long run can bring about slight changes in short run, such as demand exceeding supply or unemployment increasing.
• Transliteration was mentioned, which is similar to stunts in movies, where long-range in the market screen and full employment situation exist.
• Classical economics believed that the market did not need government intervention and there was an invisible hand in the market.
• Classical economics followed a classical style, which meant that supply would create its own demand and income would generate demand.
• If a difference arises between supply and demand in business, labor supply, saving investment, or price interest, the level of supply will open demand or market supply will crawl.
• The price interest is flexible and will open the level of supply to meet demand or crawl market supply if there is a difference in saving investment.
• The discussion involved understanding the classical economics perspective on market dynamics and government intervention.