"Types of Economic Goods, COR, PPP & Business Cycle Explained | UPSC & Economics Simplified"

In this video, we break down essential economic concepts in a simple and structured way — perfect for UPSC aspirants and economics enthusiasts! What you'll learn: Classification of Economic Goods (Private, Public, Common, Club) Normal vs Inferior vs Luxury Goods Stock vs Flow Variables Capital-Output Ratio (COR) & ICOR explained Purchasing Power Parity (PPP): Absolute & Relative The Economic/Business Cycle: Stages, Recovery Types & Recession This comprehensive explanation will help you in UPSC prelims, mains (GS & Economics optional), and essay writing. Whether you're a beginner or revising concepts, this is a must-watch! 🔔 Subscribe to Current Horizon UPSC for more simplified content! #UPSC #EconomicsForUPSC #EconomicGoods #BusinessCycle #COR #PPP #ICOR #UPSC2025 #CurrentHorizonUPSC