NCERT Solutions for Class 10 Social Science Economics

The subject focuses on the terminology and the basic concepts of Economics. Class 10 students will find these new concepts not easy to understand unless they have good support from the proper study material. The best way to study this subject is to follow the solution prepared for Class 10 Understanding Economic Development. This subject will concentrate on the basic concepts of economics and the economic development of different countries.

This guide will give you the best support to understand what per capita income, human development index, national income, etc stand for. This is a crucial subject and you can score better by answering the questions correctly. Hence, it is better to use the Class 10th Economics Solution for easy preparation and manage your study schedule efficiently.

You will study how a country’s economic condition is calculated and compared with that of the other countries in Class 10 Economics. In fact, the value obtained from the calculation also determines whether a country can be called a developed or an underdeveloped nation. You will have to pay attention to the classroom sessions to understand what these terms state. If you are done with the study, test your knowledge proceeding to the exercise. Try to solve the exercise questions and find the level of your answers. You can do it easily if you consider NCERT Solutions for Class 10th Economics as a base. The answers you have framed can be judged based on the answers framed by the experts. Study and summarize the subject. Prepare your notes after understanding the concepts well. This will help you memorize the new concepts perfectly. Your notes and the solution provided by CoolGyan will help you revise this subject before the exam.

Class 10 Social Science Chapter Wise NCERT Solutions

Chapter 1 - Development

In this chapter, you will learn about different people's incomes and goals, national development, etc. You will learn how to find the average income and compare different countries and states. Practice the formula and solve exercise questions. Learn about the sustainability of development, where you will learn about the overuse of groundwater and the exhaustion of natural resources. To learn the chapter, you can use the NCERT solutions as the proper explanation of the topics can be availed. You can find all the exercise questions answers in the NCERT solutions, thus, it is better that you follow them while preparing each chapter. The solutions are designed by experts and you can download the development class 10 solutions PDF for free.

Chapter 2 - Sectors of the Indian Economy

This is the second chapter and it is one of the most important chapters in the syllabus. First, you will learn about sectors of economic activities, in this, you will learn about primary sectors, secondary sectors, and tertiary sectors. Thoroughly learn about all three sectors and go through the examples. Next, you have to compare the three sectors, where you will also get to know about GDP and how to calculate it. You will even understand how to create employment, division of sectors as organized and unorganized differences. Learn the difference between public sectors and private sectors. In the last exercise, you will learn about the responsibilities of the government, learn all the steps and processes. Practice the exercise questions from the NCERT solutions and be thorough while learning. The NCERT solutions provide all the solutions for the NCERT economics class 10.

Chapter 3 - Money and Credit

In this chapter, you have to learn about money and its uses. Money as a medium of exchange is the first topic. In this, you will learn how money helps to make an exchange for goods and other things. Get to know about the modern form of money such as currency and deposits in the bank. Use the NCERT solutions for a better understanding of all the concepts involved in this chapter. Also, you should solve the exercise questions using the solutions. You will also learn about the loan activities of banks. Be very thorough and learn the process carefully. In the next topic, you will learn about terms of credit, you will also learn about formal sector loans and informal sector loans. You will also get to know about formal and informal credit. In the last topic, you will learn about the self-help groups for the poor. Practice all the exercise questions from the NCERT solutions to get more acquainted with the chapter and to answer the questions in a timely manner.

Chapter 4 - Globalisation and the Indian Economy

The first topic in this chapter is production across countries. In this topic, you will learn about MNCs and their role. Next, you will learn about interlinking production across countries. You should try to learn all the steps and methods. Learn about globalization, the factors affecting it, and the impact that it can have on a country. Also, learn about the struggle for fair globalization. Practice the exercise questions and use the NCERT solutions for the CBSE Class 10 economics.

Chapter 5 - Consumer Rights

This is the last chapter in the economics syllabus. This chapter is important and you have to learn and prepare it properly. The solutions provide an easy explanation for all the topics and chapters. You can use the solutions for the exercise questions. In this chapter, you will learn about the consumers in the marketplace, consumer movement, etc. In the next topic, you will get to know about information about goods and services. Another important topic is ‘where should consumers go to get justice’. You will also understand how to become a well-informed consumer and how to take the consumer movement further. Practice the exercise questions from the solutions and you can also use the solutions for revision purposes.

Why Should You Prefer Using NCERT Solutions for Class 10 Economics?

The reason why Class 10 students prefer using NCERT Economics Class 10 PDF solution is convenience. What if you can study the subject at your convenience? You will not have to wait for the teachers to present the best answers as you have the solution file with you. Download the file on your computer and use it at your convenience to study CBSE Class 10 Economics to stay ahead of the class.

Standard answers are what you will find in these NCERT Solutions for Class 10 Social Science Economic Development. The experts are highly experienced teachers of CoolGyan who have designed the solutions following the CBSE format. This format tells us to follow a simple language to answer and to stick to the word count for every answer. It will become a lot easier when you practise answering questions related to this subject following the solution. You will get accustomed to the quality of answers and the format used by the experts.

CoolGyan is the prime choice for Class 10 students to discover the best NCERT Solution for Class 10 Economics. This solution will save you time to prepare other subjects. You can use your time more efficiently and prepare the syllabus before any exam.