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Consumer Rights Class 10 Notes Social Science Economics Chapter 5 Consumer is a person who buys and uses a good or service from the market after making a payment. Some common ways by which consumers may be exploited by manufacturers and traders: Underweight and under-measurement: Goods sold in the market are sometimes not measured or [...]
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Globalisation and the Indian Economy Class 10 Notes Economics Chapter 4 Globalisation refers to the integration of the domestic economy with the economies of the world. An MNC is a company that owns and controls production in more than one nation. Foreign Investment is investment made by MNCs. Advantages of Foreign Trade— ‘Foreign Trade’ has [...]
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Money and Credit Class 10 Notes Social Science Economics Chapter 3 Money: Money acts as an intermediate in the exchange process & it is called medium of exchange. In many of our day to day transactions, goods are being bought & sold with the use of money. The reason as to why transactions are made [...]
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Sectors of Indian Economy Class 10 Notes Economics Chapter 2 Primary sector: When we produce goods by exploiting natural resources, it is an activity of the primary sector. Secondary sector: Covers activities in which natural products are changed into other forms through ways of manufacturing, it is also called as industrial sector. Tertiary sector: These [...]
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Development Class 10 Notes Social Science Economics Chapter 1 Different notions of development: Different people have different notions of development because life situations of persons are different and therefore their aspirations and desires and goals. Importance of averages: Since countries have different populations comparing total income does not tell us what an average person is [...]