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7-Days Study Plan: Introduction | Economics Class 11 - Commerce PDF Download

Introduction

  • Understanding economics is crucial for grasping how societies allocate scarce resources to meet unlimited wants.
  • This chapter introduces fundamental concepts of microeconomics, forming the foundation for further economic studies.
  • The following study plan uses a variety of comprehensive resources including documents, videos, and tests to ensure thorough preparation and deep understanding.

Chapter Overview

  • Meaning of Economics
  • What is Microeconomics?
  • Central Problems of an Economy
  • Scarcity of Resources and Opportunity Cost
  • Introduction to Opportunity Cost
  • Marginal Opportunity Cost and Marginal Rate of Transformation
  • Organisation of Economic Activities
  • Production Possibility Frontier

Study Plan

7-Days Study Plan: Introduction | Economics Class 11 - Commerce

The document 7-Days Study Plan: Introduction | Economics Class 11 - Commerce is a part of the Commerce Course Economics Class 11.
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59 videos|222 docs|43 tests
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