Class 12 Economics Useful Resources pdf

  • CBSE Class 12 Economics Balance of Payment Revision Notes

    Balance of Payment. :Balance of payments is an accounting statement that provides a systematic record of all the economics transactions between the residents of a country and the crore rest of the world in a given period of time. A country exported goods worth Rs. 2600 crore whereas its imports...

  • CBSE Class 12 Economics Income and Employment Revision Notes

    Key concepts • Aggregate demand and its components. • Consumption function and Saving Function • Propensity to consume and propensity to save • Short run equilibrium Output Equilibrium level of income and output is determined where,1) AD=AS,  2) Planned saving =planned investment (S=I). • ...

  • CBSE Class 12 Economics Determination of Income and Employment Revision Notes

    Explain equilibrium level of national income using saving and investment approach. Draw a diagram in support of your explanation. The equilibrium level of income and output is that level at which planned saving and planned investment are equal. In the diagram equilibrium is at e and equilibrium...

  • CBSE Class 12 Economics Money and Banking Revision Notes

    Money :- Money occupies a unique position in modern economy. In its absence the whole prosperous economic life would collapse like a pack of cards. Barter system of exchange :- Barter system of exchange is the system in which commodities are exchanged for commodities. This is also called commodity...

  • CBSE Class 12 Economics National Income Revision Notes

    National Income – The money value of all the final goods and services produced by normal residents of a country during a financial year is called national income. Features of National Income – National Income always takes the monetary value which can be obtained by multiplying quantity of...

CBSE Class 12 Economics Balance of Payment Revision Notes

Balance of Payment. :Balance of payments is an accounting statement that provides a systematic record of all the economics transactions between the residents of a country and the crore rest of the world in a given period of time.

A country exported goods worth Rs. 2600 crore whereas its imports amounted to Rs.1700 crore. Calculate the volume of balance of trade.

Ans. BOT=Exports –Imports=Rs. 2600 crore –Rs. 1700crore =Rs. 900 crore.

 


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CBSE Class 12 Economics Income and Employment Revision Notes

Key concepts

 


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CBSE Class 12 Economics Determination of Income and Employment Revision Notes

Explain equilibrium level of national income using saving and investment approach.

Draw a diagram in support of your explanation.

The equilibrium level of income and output is that level at which planned saving and planned investment are equal. In the diagram equilibrium is at e and equilibrium income is OY.

CBSEClass12 Economic DETERMINATION OF INCOME AND EMPLOYMENT

 


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CBSE Class 12 Economics Money and Banking Revision Notes

Money :-

Money occupies a unique position in modern economy. In its absence the whole prosperous economic life would collapse like a pack of cards.

Barter system of exchange :-

Barter system of exchange is the system in which commodities are exchanged for commodities. This is also called commodity for commodity exchange economy.

 


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CBSE Class 12 Economics National Income Revision Notes

National Income – The money value of all the final goods and services produced by normal residents of a country during a financial year is called national income.

Features of National Income –

 


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CBSE Class 12 Economics Forms of Market Revision Notes

Meaning:

Market is a system where buyers and sellers come into contact for the transaction of goods and services.

Important notes:

• The term market as used in economics is quite different from the common sense understanding of a market

• In particular, it has nothing as such to do with the market place as you might tend to think

 


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CBSE Class 12 Economics Producer Behaviour and Supply Revision Notes

PRODUCTION FUNCTION:

Production function is the technological relationship between inputs and maximum producible output.

 

Note: To produce any output there is requirement of at least two inputs. A single input cannot produce any output.

PRODUCTION

The process of combining inputs to produce output is called production function.

Inputs/Factors of Production:

Factors of production used by a firm in the production of a good or services are called inputs.

 


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CBSE Class 12 Economics Consumers Equilibrium and Demand Revision Notes

 

POINTS TO REMEMBER:-

Consumer: is an economic agent who consumes final goods and services to satisfy wants.

Utility:- It is the want satisfying power of a commodity. This is measured in terms of ‘utils’-

Utility can be of two types.

 


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CBSE Class 12 Economics Introduction Revision Notes

Meaning of economics:  Economics is the science which studies human behavior as a relationship between ends and scarce means which have alternative uses.

Meaning of an economy:-Economy is the system which provides people the means to work and earn a living. Or it is a frame work within which economic activities like production, consumption, and capital formation are undertaken.

Meaning of scarcity:-It is defined as excess of demand over available supply, i.e., demand of resources greater than supply of resources.

 


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CBSE Class 12 Economics 2015 examination guidance

As you are aware, CBSE has re-drawn a new blue print for its forthcoming board examination. We would like to highlight that the question paper design will be based on the blue print given in the Curriculum Booklet for 2015. It is important to re-iterate the following:

 


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Read the latest news and announcements from NCERT and CBSE below. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education. Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learning

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