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In this video, we clearly explain the Meaning and Features of Perfect Competition Market for Class 12 (NEB/HSEB) Economics students. This topic is a key part of the Theory of Price and Output Determination under Perfect Competition, and understanding it is essential for scoring high marks in your NEB board exams. We start with a simple and clear explanation of what a Perfectly Competitive Market means. You’ll learn the basic idea that perfect competition is a market structure where a large number of small firms compete against each other, none having control over the market price. Every firm is a price taker, and the market determines the price through demand and supply forces. Next, we discuss the main characteristics of a perfect competition market, such as: Large Number of Buyers and Sellers – Each individual buyer or seller has no significant control over price. Homogeneous Products – All firms sell identical products, meaning there is no product differentiation. Free Entry and Exit of Firms – Firms can freely enter or leave the industry, ensuring normal profit in the long run. Perfect Knowledge of Market Conditions – Both buyers and sellers are fully informed about prices and quality. Perfect Mobility of Factors of Production – Labor and capital can easily move from one firm or industry to another. Absence of Transportation Cost – It is assumed that goods can be transported without cost, maintaining a uniform price. Price Taker Behavior – Each firm accepts the prevailing market price without trying to influence it. You will also understand how these features ensure uniform pricing and maximum efficiency in the market. We explain the logic behind each assumption in simple Nepali language so that even beginners can grasp the concept without confusion. We have also included real-life examples and comparisons with Monopoly, Monopolistic, and Oligopoly markets, so you can easily identify what makes perfect competition unique among all market structures. By the end of this video, you will be able to: ✅ Define perfect competition clearly. ✅ List and explain all features of perfect competition. ✅ Understand why firms are price takers. ✅ Differentiate perfect competition from other markets. ✅ Strengthen your conceptual base for NEB exams. This explanation is designed specially for Class 12 students under NEB Economics following the latest syllabus. The content will also help students preparing for entrance exams, university studies, and anyone looking to understand the basics of microeconomics. If you are a student who finds economics difficult, this video will make it simple, clear, and exam-oriented. Our goal is to help you understand from zero to hero with visual clarity and step-by-step reasoning. 🔹 Topics Covered in this Video: Meaning of Perfect Competition Essential Features or Characteristics 💡 Watch till the end and take notes to strengthen your understanding. Don’t forget to comment any topic you’d like us to cover next from the Theory of Price and Output Determination chapter. If you find this video helpful, please support our channel by liking, sharing, and subscribing. Your feedback and support encourage us to make more educational content for NEB students across Nepal. Perfect competition market, perfect competition meaning, features of perfect competition, characteristics of perfect competition, assumptions of perfect competition, perfect competition explained in Nepali, class 12 economics NEB, HSEB economics class 12, NEB economics chapter 4, market structure economics, theory of price and output determination, microeconomics class 12 Nepal, economics for beginners, learn economics in Nepali, perfect competition notes, economics chapter explanation, price determination under perfect competition, examples of perfect competition market, meaning and features of perfect competition, perfect competition market in Nepal, NEB board exam preparation, class 12 economics syllabus, economics concept for class 12, learn with Sadhana economics, competitive market explained, short notes on perfect competition, NEB class 12 full chapter economics, market structure explanation in Nepali,Perfect Competition Market Meaning and Features of Perfect Competition Perfect Competition Explained in Nepali Class 12 NEB Economics Theory of Price and Output Determination Market Structure in Economics NEB Economics Chapter 4 Microeconomics Class 12 Nepal Price Determination under Perfect Competition Learn With Sadhana Economics Economics for NEB Students Perfect Competition Notes Class 12 HSEB Economics Class 12 Perfect Competition Market Structure Economics for Beginners in Nepali 🔖 Hashtags #PerfectCompetition #NEBEconomics #Class12Economics #LearnWithSadhana #EconomicsInNepali #Microeconomics #MarketStructure #PriceDetermination #PerfectCompetitionExplained #EconomicsConcepts #BoardExamPreparation #EconomicsForBeginners #NepalEducation #HSEBClass12 #TheoryOfPriceAndOutput