7K Eco
Your AI-powered guide to 12th Grade Economics
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From Chapter 1
Economics
A social science concerned with the production, distribution, and consumption of goods and services.
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Chapters
Chapter 1: Introduction to Micro and Macro Economics
Understanding the fundamental concepts of economics, bifurcated into micro and macro perspectives.
Chapter 2: Utility Analysis
Exploring the concept of utility, consumer behavior, and the laws of diminishing marginal utility.
Chapter 3: Demand Analysis
In-depth analysis of the law of demand and its various determinants.
Chapter 4: Elasticity of Demand Analysis
Measuring the responsiveness of demand to changes in price, income, and other factors.
Chapter 5: Supply Analysis
Understanding the law of supply, its determinants, and the concept of elasticity of supply.
Chapter 6: Forms of Market
Examining different market structures like perfect competition, monopoly, and oligopoly.
Chapter 7: Index Numbers
Learning about index numbers, their types, and their significance in economics.
Chapter 8: National Income
Methods of measuring national income and understanding key aggregates like GDP, GNP, and NNP.
Chapter 9: Public Finance in India
Analyzing the Indian government's revenue, expenditure, and debt management.
Chapter 10: Money Market and Capital Market in India
Understanding the structure and functions of India's financial markets.
Chapter 11: Foreign Trade of India
Examining the composition, direction, and trends of India's international trade.