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NCERT Class 12 Economics Books

NCERT Class 12 Economics Introductory Macroeconomics Government Budget and The Economy

We introduced the government in chapter one as denoting the state. We stated that apart from the private sector, there is the government which plays a very important role. An economy in which there is both the private sector and the Government is known as a mixed economy.…

NCERT Class 12 Economics Introductory Macroeconomics Glossary

Adam Smith (1723 – 1790) Regarded as the father of modern Economics. Author of Wealth of Nations.Aggregate monetary resources Broad money without time deposits of post office savings organisation (M3).Automatic stabilisers Under certain spending and tax rules,expenditures that…

NCERT Book for Class 12 Economics

CBSE Class 12 Economics Production Possibilities Curve

Question. Which of these constitutes "Capital"? (a) Land (b) Water (c) Air (d) Plant and Machinery Answer: D Question. Which of these constitutes does not constitute "Capital"? (a) Factory Building (b) Plant and Machinery (c) Forests (d) Dams and Canals Answer: C Question.…

CBSE Class 12 Economics Producers Behaviour and Supply

PRODUCER’S BEHAVIOUR AND SUPPLYMeaning of supplySupply means the quantity of a commodity which a firm or an industry is willing to produce at a particular price, during a given time period. Law of supply This law states that 'other things remaining the same', an increase in…

CBSE Class 12 Economics National Income

PART B : INTRODUCTORY MACROECONOMICS UNIT 6 - NATIONAL INCOME AND RELATED AGGREGATES SOME CONCEPTS CONCEPT OF ECONOMIC TERRITORY INTRODUCTION National income accounting is a branch of macroeconomics of which estimation of national income and related aggregates is a part.…

CBSE Class 12 Economics Foriegn Exchange Rates

UNIT 10 Merits and demerits of fixed and flexible foreign exchange rates. Merits of fixed exchange rate: 1. It ensures stability in exchange rate. The exporters and importers have not to operate under uncertainty about the exchange rate. Thus it promotes foreign trade. 2. It…

CBSE Class 12 Economics Features of Perfect Competition

UNIT IV FEATURES OF PERFECT COMPETITION Introduction Perfect competition is a state of a market. Anything which facilitates contact between buyers and sellers constitutes a market. It may be a face to face meeting at some place or simply verbal negotiations through telephone,…

CBSE Class 12 Economics Evolution of Money

CBSE Class 12 Economics-Evolution of Money. Students can download the specific chapters from the CBSE and NCERT text books from studiestoday.com. Please refer to the attached file to access the chapters. The books and specific chapters have been collected by the tutors on…

CBSE Class 12 Economics Determination of Income

UNIT 7 - Determination of Income and Employment Involuntary unemployment : Involuntary unemployment occurs when those who are able and willing to work at the going wage rate do not get work. Aggregate demand : Aggregated demand means the total demand for final goods in an…

CBSE Class 12 Economics Consumers Equilibrium

UNIT-II CONSUMER'S EQUILIBRIUM Introduction A consumer is one who buys goods and services for satisfaction of wants. The objective of a consumer is to get maximum satisfaction from spending his income on various goods and services, given prices. We start with a simple example…

CBSE Class 12 Economics Capital receipts

UNIT 9 Capital receipts and revenue receipts Capital receipts are receipts that either create a liability (for example - borrowings) or reduce asset (for example disinvestment of PSU). Revenue receipts are receipts that neither create any liability nor reduce any asset. Tax…