Why Most UPSC Aspirants Get Circular Flow of Income WRONG (Hidden Traps Explained)

Описание: Most UPSC aspirants study Circular Flow of Income, Agents of Economy, and Factors of Production from NCERT — yet still get eliminated in Prelims.

Why?

Because UPSC does NOT test definitions.
It tests how well you can THINK through economic relationships.

In this lecture of The Smart Sprint – UPSC Prelims Edition, we break down:
✔ Who are the real agents of an economy (and who is NOT always one)
✔ Factors of Production — beyond land, labour, capital, and enterprise
✔ How income and money actually flow in the economy
✔ Where aspirants make logical mistakes in circular flow diagrams
✔ Common UPSC traps related to households, firms, government, and factor payments

This is NOT a rote-learning lecture.
This is a thinking-based framework aligned with how UPSC frames Prelims MCQs.

📌 Ideal for:
• UPSC CSE Prelims aspirants
• Students confused by circular flow diagrams
• Aspirants who know the basics but fail in elimination
• Anyone starting Economics the SMART way

📘 Part of: The Smart Sprint – UPSC Prelims Edition
🎯 Focus: Concept + Logic + UPSC traps
📚 No unnecessary facts. Only exam-relevant thinking.

Watch till the end to understand why many correct-looking options in UPSC are actually WRONG.

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