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CBSE 10 Economics
Explore and master the fundamentals of CBSE 10 Economics
You've not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.Chapter 1
DEVELOPMENT
Development encompasses a variety of aspects, including economic growth, quality of life, and environmental sustainability. The chapter explores various perspectives on development, emphasizing that individuals and communities have different goals and aspirations regarding their progress. It highlights the limitations of using income alone as an indicator of development and introduces alternative measures, such as health and education, underscoring the importance of collective resources in promoting well-being.
Chapter 2
SECTORS OF THE INDIAN ECONOMY
The chapter covers the sectors of the Indian economy by classifying them into primary, secondary, and tertiary activities. It discusses the roles and interdependencies of these sectors, highlights issues such as underemployment and the conditions of work in organized and unorganized sectors, and examines the impact of these sectors on Gross Domestic Product (GDP). Additionally, the chapter emphasizes the need for better employment opportunities and the protection of unorganized sector workers to promote economic development.
Chapter 3
MONEY AND CREDIT
The chapter delves into the evolution and significance of money and credit within economic systems, emphasizing their role in facilitating transactions and supporting economic growth. It highlights the transition from traditional forms of money to modern banking systems, the dynamics of demand deposits, and the critical nature of credit for both individuals and enterprises. Additionally, it examines the challenges faced by various borrowers, especially in rural settings, and outlines the necessity of equitable access to formal credit sources.
Chapter 4
GLOBALISATION AND THE INDIAN ECONOMY
The chapter discusses the phenomenon of globalization, focusing on the role of multinational corporations (MNCs) in integrating markets and production across countries. Through examples mainly from the Indian context, it highlights how globalization has transformed consumer choices and economic practices due to advancements in technology, liberalization of trade policies, and international pressures. The chapter also examines the uneven impact of globalization on different socio-economic groups and the need for fair globalization that benefits all.
Chapter 5
Consumer Rights
The chapter discusses consumer rights within the context of market operations and the necessity for awareness and participation in the consumer movement. It highlights case histories of consumer exploitation and the role of legal institutions in compensation. Additionally, it outlines organizations aiding consumers and critical issues within the consumer movement in India.