CLASSICAL MODEL || classical model of economics ||Macro economics

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PU Exam solution.
In this video, we'll be exploring the Classical Model of Economics, a foundational concept in macroeconomics. This model, developed by Adam Smith and other classical economists, explains how the economy works in the long run.
Topics covered:
Assumptions of the Classical Model
Labour Market Equilibrium
Goods Market Equilibrium
Money Market Equilibrium
Implications of the Classical Model
Criticisms and limitations
Key takeaways:
Understand the Classical Model's assumptions and components
Learn how the model explains long-run economic growth and full employment
Discover the implications of the model for price stability and efficient resource allocation
Explore the criticisms and limitations of the Classical Model
Video highlights:
Animated diagrams to illustrate key concepts
Real-world examples to make the model more relatable
Clear and concise explanations to help you understand the material
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Laissez-Faire Economics
Say's Law
Law of Markets
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Competition
Supply and Demand
Macroeconomics
Microeconomics
Economic Growth
Economic Efficiency
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[@AbdulRauf-vw2th]

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