Read and download NCERT Class 12 Economics Glossary in NCERT book for Class 12 Economics. You can download latest NCERT eBooks chapter wise in PDF format free from Studiestoday.com. This Economics textbook for Class 12 is designed by NCERT and is very useful for students. Please also refer to the NCERT solutions for Class 12 Economics to understand the answers of the exercise questions given at the end of this chapter
NCERT Book for Class 12 Economics Glossary
Class 12 Economics students should refer to the following NCERT Book Glossary in Class 12. This NCERT Book for Class 12 Economics will be very useful for exams and help you to score good marks
Glossary NCERT Book Class 12
Average cost Total cost per unit of output.
Average fixed cost Total fixed cost per unit of output.
Average product Output per unit of the variable input.
Average revenue Total revenue per unit of output.
Average variable cost Total variable cost per unit of output.
Break-even point is the point on the supply curve at which a firm earns normal profit.
Budget line consists of all bundles which cost exactly equal to the consumer’s income.
Budget set is the collection of all bundles that the consumer can buy with her income at the prevailing market prices.
Constant returns to scale is a property of production function that holds when a proportional increase in all inputs results in an increase in output by the same proportion.
Cost function For every level of output, it shows the minimum cost for the firm.
Decreasing returns to scale is a property of production function that holds when a proportional increase in all inputs results in an increase in output by less than the proportion.
Demand curve is a graphical representation of the demand function. It gives the quantity demanded by the consumer at each price.
Demand function A consumer’s demand function for a good gives the amount of the good that the consumer chooses at different levels of its price when the other things remain unchanged.
Duopoly is a market with just two firms.
Equilibrium is a situation where the plans of all consumers and firms in the market match.
Excess demand If at a price market, demand exceeds market supply, it is said that excess demand exists in the market at that price.
Excess supply If at a price market, supply is greater than market demand, it is said that there is excess supply in the market at that price.
Firm’s supply curve shows the levels of output that a profitmaximising firm will choose to produce at different values of the market price.
Fixed input An input which cannot be varied in the short run is called a fixed input.
Please refer to attached file for NCERT Class 12 Economics Glossary
| NCERT Class 12 Economics Glossary |
| NCERT Class 12 Economics Introduction |
| NCERT Class 12 Economics Theory of Consumer Behaviour |
| NCERT Class 12 Economics Production and Costs |
| NCERT Class 12 Economics The Theory of the Firm under Perfect Competition |
| NCERT Class 12 Economics Market Equilibrium |
| NCERT Class 12 Economics Non competitive Markets |
| NCERT Class 12 Economics Introductory Macroeconomics Glossary |
| NCERT Class 12 Economics National Income Accounting |
| NCERT Class 12 Economics Money and Banking |
| NCERT Class 12 Economics Income Determination |
| NCERT Class 12 Economics Introductory Macroeconomics Government Budget and The Economy |
| NCERT Class 12 Economics The Government Functions and Scope |
| NCERT Class 12 Economics Open Economy Macroeconomics |
Economics NCERT Book Class 12 Glossary
The above NCERT Books for Class 12 Economics Glossary have been published by NCERT for latest academic session. The textbook by NCERT for Glossary Economics Class 12 is being used by various schools and almost all education boards in India. Teachers have always recommended students to refer to Glossary NCERT etextbooks as the exams for Class 12 Economics are always asked as per the syllabus defined in these ebooks. These Class 12 Glossary book for Economics also includes collection of question. We have also provided NCERT solutions for Class 12 Economics which have been developed by teachers of StudiesToday.com after thorough review of the latest book and based on pattern of questions in upcoming exams for Class 12 students.
NCERT Book Class 12 Economics Glossary
The latest NCERT book for Glossary pdf have been published by NCERT based on the latest research done for each topic which has to be taught to students in all classes. The books for Class 12 Economics Glossary are designed to enhance the overall understanding of students. All Class 12 NCERT textbooks have been written in an easy to understand language which will help to enhance the overall level of Class 12 students.
Glossary NCERT Book Class 12 Economics
As the students of Class 12 need the books for their regular studies, we have provided all NCERT book for Glossary in pdf here for free download. All pdf NCERT books available here for Class 12 will help them to read on their mobile or computers. They can take a print of the Class 12 Economics NCERT Book Glossary pdf easily and use them for studies. The NCERT textbooks for Class 12 Economics have been provided chapter-wise and can be downloaded for free of cost.
Class 12 Economics Glossary NCERT Book
Along with Economics Class 12 NCERT Book in Pdf for Glossary we have provided all NCERT Books in English Medium for Class 12 which will be really helpful for students who have opted for english language as a medium. Class 12 students will need their books in English so we have provided them here for all subjects in Class 12.
Class 12 Glossary NCERT Book Economics
For Class 12 Glossary we have provided books for students who have opted for Hindi and Urdu medium too. You can click on the links provided above to download all Hindi medium Class 12 Economics Glossary book in easy to read pdf format. These books will help Class 12 Economics students to understand all topics and also strictly follow latest syllabus for their studies. If you are looking to download the pdf version of Class 12 Economics Glossary textbook issued by NCERT then you have come to the correct website
You can download the NCERT Book for Class 12 Economics Glossary for latest session from StudiesToday.com
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