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The Classical Theory of Employment by Learn With Ravali

Before understanding modern economics, it is very important to first learn the Classical Theory of Employment. In this video, I explain the Classical Theory of Employment in a very simple and easy way, suitable for beginners and exam preparation. Classical economists believed that the economy naturally moves towards full employment and that unemployment is temporary. According to the classical theory, supply creates its own demand (Say’s Law) and employment is determined by wage flexibility. If wages are flexible, the economy will automatically achieve full employment without government intervention. 📚 In this video, you will learn: ✔ Meaning of Classical Theory of Employment ✔ Assumptions of Classical Theory ✔ Role of wages in employment ✔ Say’s Law of Markets ✔ Why full employment is normal ✔ Classical view on unemployment ✔ Simple explanation for exams This video is useful for: 🎓 Class 11 & 12 Economics 🎓 Degree & PG students 🎓 UGC NET & competitive exams 🎓 Telugu-medium students 👉 Watch this video before Keynesian Theory of Employment for better understanding. 👉 Like, Share & Subscribe for easy Economics learning. Keynesian theory of employment link    • Keynesian Theory of Employment by Learn wi...   #ClassicalTheoryOfEmployment #EmploymentTheory #ClassicalEconomics #SaysLaw #FullEmployment #EconomicsClass11 #EconomicsClass12 #IntermediateEconomics #UGCNETEconomics #TeluguEconomics #EasyEconomics #economics #learnwithravali