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Economics for class 12 is a combination of 2 components that are Macro economics and Indian Economic Development.
At Teachoo, you can find NCERT questions, Past year questions as well as extra questions for Economics Class 12 prepared by expert teachers which will help you understand the concept clearly and score better.
Macroeconomics is the study of ‘macros’ i.e. studying the whole economy as one single unit.
It focuses on the performance of economies – changes in economic output, inflation, interest and foreign exchange rates, and the balance of payments. Poverty reduction, social equity, and sustainable growth are only possible with sound monetary and fiscal policies.
Macroeconomics consists of 5 units which are -
The second component, which is the Indian Economic Development focuses on how the country has shaped up considering the economic factors since its independence in 1947.
Economic Development means programs, policies or activities that seek to improve the economic well-being and quality of life for a community.
It is development measured in the form of HDI (Human Development Index).
Indian economic development is further divided into 4 units that are -
These units are further divided into various chapters that will help you understand about the changes which have taken place over the 75 years of independence.
Click on a link below to start doing the chapter!
What's in it?
Economics for class 12 is a combination of 2 components that are Macro economics and Indian Economic Development.
At Teachoo, you can find NCERT questions, Past year questions as well as extra questions for Economics Class 12 prepared by expert teachers which will help you understand the concept clearly and score better.
Macroeconomics is the study of ‘macros’ i.e. studying the whole economy as one single unit.
It focuses on the performance of economies – changes in economic output, inflation, interest and foreign exchange rates, and the balance of payments. Poverty reduction, social equity, and sustainable growth are only possible with sound monetary and fiscal policies.
Macroeconomics consists of 5 units which are -
The second component, which is the Indian Economic Development focuses on how the country has shaped up considering the economic factors since its independence in 1947.
Economic Development means programs, policies or activities that seek to improve the economic well-being and quality of life for a community.
It is development measured in the form of HDI (Human Development Index).
Indian economic development is further divided into 4 units that are -
These units are further divided into various chapters that will help you understand about the changes which have taken place over the 75 years of independence.
Click on a link below to start doing the chapter!