Class 12 Economics NCERT Books Solutions

Economics in Class 12 serves as an integral component not only for Boards but also for the curriculum of courses like Bachelor of Commerce, Economic Honours, etc. The NCERT Class 12 Economics syllabus offers a lot of deep and complex concepts that we aim to simplify through our NCERT solutions.

NCERT Solutions for Class 12 Economics - Macroeconomics & Microeconomics
NCERT Solutions for Class 12 Economics – Macroeconomics & Microeconomics


As such, we have structured our NCERT Class 12 Economics solutions to be well-researched and well-written. Our solutions are made to be easily understandable and appropriate for school exams and competitive exams. The solutions clear any doubts that students might have based on NCERT readings and also give deeper insights into the curriculum.

Our Worksheet section can be a good platform to confirm and test the understanding of the syllabus. The worksheets test the critical areas of the curriculum and help students identify weak areas.

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Below are the Chapter-wise Downloadable links of the NCERT Solutions for Class 12 Economics

NCERT Economics Class 12 Macroeconomics Solutions

NCERT solutions for class 12 Economics chapter 1:


NCERT solutions for class 12 Economics chapter 2:


NCERT solutions for class 12 Economics chapter 3:


NCERT solutions for class 12 Economics chapter 5:


NCERT solutions for class 12 Economics chapter 6:


NCERT Economics Class 12 Microeconomics Solutions

NCERT solutions for class 12 Economics chapter 1:


NCERT solutions for class 12 Economics chapter 2:


NCERT solutions for class 12 Economics chapter 5:


NCERT solutions for class 12 Economics chapter 6:

NON Competitive Markets Download PDF

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


We are also offering animated classes for NCERT Class 6-10 for all subjects and Online Classes for NCERT Class 11 & 12 for Commerce and Science that are completely based on the latest syllabus of CBSE Board so that you can study independently with utmost ease at your own pace without the need of any external help from tutor or parents. We also offer classes from Nursery to Class 5 for all subjects. The content is prepared in such a way that you don’t even need any doubt-solving session as most of the doubts arise while studying gets solved when you learn with our visual and student-friendly course.

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FAQ’s For NCERT Solutions for Class 12 Economics

1. What are the Four Aspects of Production?The four vital aspects of Production are

  1. Land: It refers to natural resources like soil, water, air. A firm pays rent to acquire these services
  2. Labour: It denotes the mental and physical efforts that are required to perform a task. An organisation pays wages to the people who put these labour-like workers, managers, engineers, etc.
  3. Capital: It is a combination of monetary, physical and tangible investments that helps Production to progress. In exchange for Investments, a business receives interest.
  4. Entrepreneur: It is an individual who undertakes risk and facilitates the Production. In return of entrepreneurship, he/she receives profits.


2. What Does High Powered Money Means?

High Powered Money refers to the total liability of the Reserve Bank of India. It includes currency issued by the Government of India and cash deposits and reserves of commercial banks under RBI. Thus, it is expressed as

H= C+R

Where H – High Powered Money


R = Bank and Government deposits with RBI

It is also called Secured money. Moreover, a crucial portion of this fund is deposited with commercial banks that are responsible for creating credit. Thus, studying bank funds are of utmost importance to analyse the economic condition of a country.


3. Where can I find NCERT Solutions for Class 12 Economics Subject?

You can find NCERT Solutions for Class 12th Economics Subject by referring to the quick links available on our page.


4. How to Score Well in Class 12 Economics?

First and foremost, students must have a clear idea about the entire syllabus of Class 12 Economics to start the preparation. In this context, they can follow the NCERT Economics book that covers the whole syllabus. Along with that, they need to understand the concepts thoroughly to develop a clear understanding of the same

Once the syllabus is completed, they should start solving the questions related to each chapter, and for that, they can download NCERT solutions Class 12 Economics from Takshila learning. Furthermore, they also leave enough room for thorough revision before the exam schedule to score well.

Takshila learning helps you in your understanding of the terms and topics in microeconomics and macroeconomics. The solutions are created by experts for the better grasp of the learners on the topics under the curriculum standardised for this grade. With our simple to understand solutions we make the study period of the learners enjoyable and stress-free. Takshila learning helps you understand Economics better for life.

One of the most important and beneficial features provided in our courses is Monitoring. You can monitor your progress by your own at our software-based course via assignments and periodic assessments.
We sincerely wish our courses and NCERT solutions for Maths, Science, English, Hindi, and Social Science prove utmost useful to you!!
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