Hearing the term Economics, many students end up scared or worried as the word sounds relatively foreign. The students have been exposed to the basic subjects throughout their educational life and suddenly a new topic is dropped on to them. Factually speaking, Economics is a branch of Social Science. It educates the readers on the working of consumption, demand, production, and distribution of goods and services. It deals with the allocation of resources by different authoritative bodies. In a way, it is an understanding of human behaviour which acts to benefit oneself.
Looking at what exactly Economics is, we can easily say that it is of great importance in our everyday life. In Class 11, students are made to learn the workings of Indian Economics and its development through the years. This plays a very important role in shaping individuals into aware citizens. The subject helps in preparing the students to deal with everyday situations and brings a level of confidence before stepping into real-world scenarios. This is one of the main reasons why this subject should not be taken lightly.
Of course, the second main reason is that it plays a main role in the Class 11 syllabus prescribed by the NCERT. Students should approach the subject with interest and a practical sense of learning. This would make the process of learning less of a chore and more of an education.
The prescribed book for NCERT Economics Class 11 is Indian Economics Development. The textbook contains 10 chapters, each of equal importance. Indian Economic Development included in the Class 11 syllabus consists of the elementary topics of subsequent advanced courses. The 10 chapters encompass various aspects of the Indian Economy, particularly on the parameters of development. Indian Economic Development Class 11 NCERT solutions discuss the chapters in much greater detail.
Chapter wise NCERT Solutions for Class 11 Indian Economic Development
1. What are the Different Chapters Included in CBSE Class 11 Economics?
Ans: The chapters of Class 11 Economics as mentioned in NCERT Solutions for Class 11 Indian Economic Development are – (1) Indian Economy on the Eve of Independence, (2) Indian Economy 1950 – 1990, (3) Liberalisation, Privatisation, and Globalisation, (4) Poverty, (5) Human Capital Formation in India, (6) Rural Development, (7) Employment, (8) Infrastructure, (9) Environment and Sustainable Development, (10) Comparative Development Experiences of India and its Neighbours.
2. What are the Benefits of Studying from NCERT Solution Indian Economic Development Class 11?
Ans: The NCERT solution provides answers to the NCERT questions which imparts students with a fair idea about the approach various questions in the examination. As the material is created by domain experts with considerable experience, the solution is accurate and to the point.
Preparation of Class 11 Economics from NCERT solution will help students to score high marks and also strengthen students' understanding of fundamental concepts on the topic. The language of the solution is kept lucid so that students have no problem understanding it.
3. What are the Topics Covered Under the Chapter on Employment in Class 11 Economics?
Ans: The topics under the chapter on employment include – (a) Workers and Employment, (b) Participation of Workforce, (c) Hired workers and Self-Employed, (d) Employment across factories, firms and offices, (e) Growth and change in employment structure, (f) Informalisation of the workforce (g) Unemployment, and (h) Employment generation.
4. What is covered in Class 11 Economics?
Ans: The fundamental subjects of future higher courses are covered in Indian Economic Development, which is included in the Class 11 syllabus. The ten chapters cover various areas of the Indian economy, with a focus on development criteria. NCERT answers for Indian Economic Development Class 11 go through the topics in greater depth. Statistics consists of the Mathematical way in which economic data is interpreted and the various ways in which we can compile it for further analysis.
5. Is Class 11 Economics hard?
Ans: Class 11 Economics can be particularly challenging because it is a new subject and because of its wide scope for Mathematics, students can find it difficult. The subject of Economics becomes more difficult as the course expands to include both Indian Economic Development and Statistics. It is, however, enjoyable to study 11th grade Economics, and if you work hard and have a competent instructor in school, you should have no trouble with it. Also, when at home, CoolGyan has your back with easy NCERT solutions to help you understand the subject.
These solutions are available on CoolGyan's official website(CoolGyan.org) and mobile app free of cost.
6. How many chapters are there in Class 11 Economics?
Ans: There are two books for Economics Class 11. The first book is Indian Economic Development and has 10 chapters in total. A detailed analysis of the Indian economy is there in this book and it covers all the major challenges the Indian economy faced throughout and the reforms that it underwent to overcome those challenges. The second book is Statistics and it has nine chapters. These chapters contain the means to analyse data and the mathematical aspect of it.
7. How many books of Economics are there in Class 11 NCERT?
Ans: There are two Economics books of Economics in Class 11 NCERT. The first book is Indian Economics development which is extensively based upon the changes that the Indian economy went through under the course of history. It covers all the reforms and major challenges that the Indian economy faced and the way in which it overcame it. The second book is Statistics which mostly covers the Mathematical aspect of Economics. There are various ways to compile and analyse data, which is all stated in this book.
8. What do you mean by Indian Economic Development?
Ans: The rise of the Indian economy and the changes it underwent throughout history are covered under Indian Economic Development. Over time, Economic development refers to an overall improvement in the standard of living and welfare of an economy's citizens. It involves an improvement in a variety of other aspects, such as education, health, employment, and so on, in addition to the rate of GDP growth. When that is referred to in the context of India, a wide comparison is drawn and India’s economy over the course of history is analysed.