Ch 3: Money and Inflation | Class 12 Economics | GSEB Gujarat Board | Full Explanation with Examples

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In this video, we provide a complete and simplified explanation of Chapter 3 – Money and Inflation from the Class 12 Economics textbook (GSEB - Gujarat Board, English Medium). This chapter plays a key role in understanding modern economic systems and is very important from an exam point of view.

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📌 Chapter Highlights Covered in This Video:
1. 💰 Meaning and Functions of Money
• Evolution of Money
• Characteristics of Good Money
• Functions of Money:
• Primary (Medium of Exchange & Measure of Value)
• Secondary (Standard of Deferred Payment, Store of Value, Transfer of Value)
2. 🔁 Types of Money
• Commodity Money
• Metallic Money
• Paper Money
• Credit Money
• Near Money
3. 📈 Value of Money
• Meaning of Value of Money
• Measurement through Price Index
• Relationship between Price Level and Value of Money
4. 🔥 Inflation
• Meaning and Definition of Inflation
• Causes of Inflation:
• Demand Pull
• Cost Push
• Structural Factors
• Effects of Inflation:
• On Consumers, Producers, Creditors, Debtors, and Overall Economy
• Control of Inflation:
• Monetary Measures (by RBI)
• Fiscal Measures (by Government)
• Other General Measures
5. 🏦 Role of RBI and Government in Controlling Inflation

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🎯 Useful for:
• GSEB 12th Commerce (English Medium)
• Board Exam Preparation 2025
• Conceptual Understanding & Revision

📚 At Shapers Education, we focus on making tough concepts easy with examples, simple explanations, and structured content. This lecture is part of our Ultimate Sindoor Series for GSEB students.

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