Sure, let's simplify the "Output Method" of measuring national income: 1. **Product Method:** - Imagine the country's economy is like a big puzzle with different pieces: farming, factories, shops, transportation, and more. - The Output Method looks at how much stuff (goods and services) each piece of the puzzle produces. - For example, it considers the value of crops from farms, goods from factories, and services like transportation and communication. 2. **Avoiding Double Counting:** - The challenge is not to count the same thing twice. For instance, if a farmer sells wheat to a baker, and the baker makes bread, we shouldn't count both the wheat and the bread. That would be double counting. - The method suggests two ways to avoid this: either count everything at the final stage (like the price of the bread) or add up values at each stage of production until we get to the final product. So, the Output Method helps us understand the economy by looking at what each part produces and making sure we don't count things more than once.
Thank you so much !!🙏 Do you know what could happen if double counting is done by mistakely and country's national income shows drastically changed (may be more or less then actual) ?? What good/bad effects could a country face by it ??🤔
@@shahidshaikh3216 if double counting happens then national income would be higher than actual, It is problematic because the number won't show the actual income of country.
Sir op code creating : OIE Ma 😂❤ abhi share karata hu sab 12th ke bachonko enjoy karke padhne me alag he maja hai sir mujhe ayisa lagta bhi nahi ki mai padh raha hu sare dought apke lecture mai he clear ho jate hai book ki jarurat bhi nahi padti sir you are mindich blowing you are god level Tech 😇🙏 khup khup dhanywad sir ❤
I am watching this video just before 1 day exam and what an outstanding explanation 👏 given by sir thank you so much sir❤
How tf are you watching that just 1 day before cause it's just 3 months before
Sure, let's simplify the "Output Method" of measuring national income:
1. **Product Method:**
- Imagine the country's economy is like a big puzzle with different pieces: farming, factories, shops, transportation, and more.
- The Output Method looks at how much stuff (goods and services) each piece of the puzzle produces.
- For example, it considers the value of crops from farms, goods from factories, and services like transportation and communication.
2. **Avoiding Double Counting:**
- The challenge is not to count the same thing twice. For instance, if a farmer sells wheat to a baker, and the baker makes bread, we shouldn't count both the wheat and the bread. That would be double counting.
- The method suggests two ways to avoid this: either count everything at the final stage (like the price of the bread) or add up values at each stage of production until we get to the final product.
So, the Output Method helps us understand the economy by looking at what each part produces and making sure we don't count things more than once.
You explain much better than jayesh sir himself
Thank you so much !!🙏
Do you know what could happen if double counting is done by mistakely and country's national income shows drastically changed (may be more or less then actual) ?? What good/bad effects could a country face by it ??🤔
@@shahidshaikh3216 More
You explain very well
@@shahidshaikh3216
if double counting happens then national income would be higher than actual,
It is problematic because the number won't show the actual income of country.
Teacher❌ rapper ✅ sir you are amazing😂😂
Finally i found best teacher on TH-cam 😀
Thanks keep sharing keep supporting
Yes
@@JayeshRajgor thanku so much sir hatoff to hardwork sir
Sir u carry on mujhe toh bht achaa lag ta hai❤❤🎉
Amazing teaching sir ❤️ love your videos...
Sir your videos helps a lot for revising 👌👌
Best video❤😊
Sir.. you teach very well✔️✌️
congrats in advance for 98.8k .💜
Sir op code creating : OIE Ma 😂❤ abhi share karata hu sab 12th ke bachonko enjoy karke padhne me alag he maja hai sir mujhe ayisa lagta bhi nahi ki mai padh raha hu sare dought apke lecture mai he clear ho jate hai book ki jarurat bhi nahi padti sir you are mindich blowing you are god level Tech 😇🙏 khup khup dhanywad sir ❤
Aaj to is vedio me maja hi aa gaya...including table method😊
Amazing teacher with amazing teaching way😂👏👍
Aapke padhane ka style bahot achha hai ❤❤I love your videos thank you
khup video pahile mi ya topic vr finally kalal mala ya video mdhun 😃 thank you sirr
11:14 was really epic 😂🤣
Thankyou sir 😊
Sir agr paper mei 8 marks ke liye explain krne ke liye income and expenditure method aaya toh precautions bhi likhna hai kya ?
Thank you so much sir 😭
Sir can u plz upload a video of short codes of all long answers of all chapter...ocm and eco
Kb tk aayega sir video plz bohot zarurat hai sir
Thx a lot sir
Ganna or ganne ka juice😂 awesome sir 😅
Sir Green GNP cha video plz
12:31
❤❤❤❤
Sir pls tell how many marks can this come for in the exam...thank you
Its for 8-12 marks i guess...
For 8 marks question
I have a question sir There will be 2 points of output method in the exam.
Explain output method rahega you have to explain both approaches
OIE
Sir any four precautions likhsakhte hai??
Sir ne yhi to bola tha ki 4 puche jate he tumhe samJ nhi aata kya
@@bhaveshtoshniwal2095
Sigma/ Top G
Sir economics chep 6 ke notes nhi hai please daldo
Bhai khudse krlo 😂
Ganna Or ganne ka juice
Ganna Or ganne ka juice
Ganna Or ganne ka juice 😂😂
Pure video me keval ye hi samjha 😂🤣
Interesting sir
sir please just speak in english and hindi, i miss out on the short briefings in marathi. thank you.
Video start from 1.45
The most chutia video I have ever seen..
Genuinely bro idk why some are saying it is good
Bc
@@AmanSharma-jo6jlbsdk😂
Dimag na ho to ache video bhi bekar lagti hai😂😂😂
Jo jaisa hoga usko waisa hi lagega na 😂😂....
thanks sir🎉🎉
Thank you sir
Thanks sir😊😊
Thankyou sir 👍😊