Chapter-wise Solutions Class 12 Economics
Following is a brief overview of the Class 12th Economics syllabus
NCERT Economics Cass 12 Microeconomics Solutions
Chapter 1: Introduction to Economics
The first chapter of 12th Economics provides an introductory note of Economics and its allied concepts like the scope of it, reasons for economic problems, etc.
Chapter 2: Theory of consumer behaviour
This chapter of Economics deals with concepts like budget line, budget set, the downward sloping budget line, market demand, law of demand, change of demand, elasticity of demand, inelastic demand and others
Chapter 3: Production and Costs
This chapter focuses on the production function, total and average of the product of an input, marginal product of input, different types of cost like total cost, variable cost as well as cost function with proper explanation
Chapter 4: The theory of the firm under perfect competition
This chapter further elaborates how different aspects like technological progress, increased price of input affects a supply curve of a business organisation and about different kinds of revenue and how that influences a firm.
Chapter 5: Market Equilibrium
This chapter provides conceptual insights into the equilibrium and its representations through supply and demand graphs and others.
Chapter 6: Non – Competitive Market
This chapter gives a detailed explanation of monopolistic competition, its association with zero profit and similar concepts.
NCERT Economics Cass 12 Macroeconomics Solutions
Chapter 1: Introduction
The first chapter of Economics Class 12 macroeconomics gives an account of the Great Depression of 1929, features of a capitalist economy, etc.
Chapter 2: National Income Accounting
This chapter discusses concepts like factor payment planned and unplanned inventory accumulation, etc.
Chapter 3: Money and Banking
The third chapter deals with the importance of money and other concepts like a Barter system money supply, transaction demand and the functions of commercial banks, delimitation of money multipliers, etc.
Chapter 4: Determination of Income and Employment
In this chapter we deal with the determination of National Income under the assumption of fixed price of final goods and constant rate of interest in the economy.
Chapter 5: Government Budget and the Economy
This chapter points out the difference between capital expenditure, revenue expenditure, fiscal deficit, etc.
Chapter 6: Open Economy Macroeconomics
In this chapter, different aspects of foreign exchange like its system, rate, risk, etc, are elaborated and topics like balance of trade, visible and invisible items and related ones with minute detail.
The Benefits of Using NCERT Solutions for Class 12 Economics
Following are some of the benefits of preparing from our Class 12th NCERT solutions for Economics:
- Accurate and informative answers,
- Approved by erudite scholars and teachers.
- A simple explanation of complex topics
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