Nice as alyz... preparing for civil service with economics as optional....being from the Non-Economics background.....find these vedios very helpful while making notes thanking you Sir.G for these nice lectures...❤️
@@nishantmehraecopoint ...sir it should be our moral duty to appreciate the one,who is putting his/her efforts for making such an informative lectures, m much thankful of urs..for making such a nice vedios... especially of prevoius year paper questions of Ies nd optional Eco...... keep it up sir These vedios helped me a lot.
16:25 here sir, like you said, if the prices for capital intensive commodity rises, demand for capital rises and demand for lab in labor intensive commodities fall as producers want to produce more of cap Int goods now. So, as cap increases, since cap Int good uses both of cap and lab, but more of cap than lab, some of the lab available will get absorbed but a large proportion will get unemployed. How then do we say that it is magnification effect?
Sir please post the next part of this video before 10am tomorrow as I have my BHU MA entrance tomorrow and I have doubts in factor price equalisation theorem and rybczynski theorem.
i think SS theorem postulate that relative income of abundant factor will rise with relative in price of abundant factor. It is factor price equalisation theory that deals with rise in relative price of abundant factor
![[International Trade] Heckscher-Ohlin Model(Part 3) Meaning of Factor Price Equalisation Theorem|20|](http://i.ytimg.com/vi/lHg7UxANeZ8/mqdefault.jpg)
![[International Trade] Heckscher-Ohlin Model(Part 3) Meaning of Factor Price Equalisation Theorem|20|](/img/tr.png)
Nice as alyz... preparing for civil service with economics as optional....being from the Non-Economics background.....find these vedios very helpful while making notes
thanking you Sir.G for these nice lectures...❤️
Thanks for liking these videos. You have been commenting on these videos , since I started. Thanks for that. Message me sometime, on my number
@@nishantmehraecopoint ...sir it should be our moral duty to appreciate the one,who is putting his/her efforts for making such an informative lectures, m much thankful of urs..for making such a nice vedios... especially of prevoius year paper questions of Ies nd optional Eco...... keep it up sir
These vedios helped me a lot.
thank you sir
16:25 here sir, like you said, if the prices for capital intensive commodity rises, demand for capital rises and demand for lab in labor intensive commodities fall as producers want to produce more of cap Int goods now. So, as cap increases, since cap Int good uses both of cap and lab, but more of cap than lab, some of the lab available will get absorbed but a large proportion will get unemployed.
How then do we say that it is magnification effect?
Sir himself sounded confused. He left the explaination of the theorem incomplete..
@@bVidhi yes. I understand. Maybe I need to wait for further videos
Sir please post the next part of this video before 10am tomorrow as I have my BHU MA entrance tomorrow and I have doubts in factor price equalisation theorem and rybczynski theorem.
i think SS theorem postulate that relative income of abundant factor will rise with relative in price of abundant factor. It is factor price equalisation theory that deals with rise in relative price of abundant factor