GDP at market Price and GDP at Factor cost | Economics explainer series | Basic economic Concepts

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GDP at market Price vs GDP at Factor cost | Economics explainer series | Concepts in 10 minutes - In this video, we will discuss the GDP at Market rate and the GDP at Factor cost.
What you will learn?
- What is factor cost and what is market price
- What is GDP at Market price?
- What is GDP at factor cost?
- Difference between GDP at market price and GDP at Factor cost
This video is a part of explainer series in which key terms of economics are explained with 10 minutes videos.
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Where is the profit of retailer at market ??

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😄

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So does that also mean that
GDPmp - Net indirect taxes = GDPfc??

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yes

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gya..good teaching👍

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Dhanyavad

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This is late stage of economics preparation 😅

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Simply g** phaad explanation ❤❤

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Super sir after watching some videos I got the master piece🎉❤

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Sir moneatry value aur market price same hoti h kya pls tell

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Thanks

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Which type of GDP either FC OR MP take in factor while calculating Country's GDP

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GDP @ MP

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usually at Market price

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Does GDP@FC includes subsidies provided for the production?

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No

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