CBSE Class 10 Social Science Understanding Economic Development NCERT Solutions 2022-23

VSAT 2022

NCERT Solutions for Class 10 Social Science Understanding Economic Development - Free PDF Download

CBSE Class 10 Social Science Understanding Economic Development is a brilliant section of your Social Science syllabus. This section is entirely based on economics and the terms related to the economic development of a country. In this subject, you will find several notions related to the economic development of a country and how it is calculated. To understand the technical terms of this subject, you will need the assistance of Understanding Economic Development Class 10 Solutions. This solution is prepared by top experts of Vedantu so that every student can understand the new concepts of the subjects well. It is an important subject that delivers excellent information related to the average income of our country, national income, per capita income and economic growth.

To study the subjects well, you will need accurate answers from the experts. For this, you must download NCERT Solutions for Class 10 Social Science Economics (Understanding Economic Development). Subjects like Science, Maths, English, Hindi and Social Science will become easy to study if you have access to NCERT Solution for Class 10 Science, Maths solutions and solutions of other subjects. You can also download NCERT Solutions for Class 10 Maths to help you to revise the complete syllabus and score more marks in your examinations.


NCERT Solutions for Class 10 Social Science - Chapter-wise List

Given below are the chapter-wise NCERT Solutions for Class 10 Social Science. The experts provide these solutions at Vedantu in a detailed manner. Go through these chapter-wise solutions to be thoroughly familiar with the concepts.


NCERT Class 10 Understanding Economic Development

The subject focuses on the terminology and the basic concepts of Economics. Class 10 students will find these new concepts not easy to understand unless they have good support from the proper study material. The best way to study this subject is to follow the solution prepared for Class 10 Understanding Economic Development. This subject will concentrate on the basic concepts of economics and the economic development of different countries.

This guide will give you the best support to understand what per capita income, human development index, national income, etc stand for. This is a crucial subject and you can score better by answering the questions correctly. Hence, it is better to use the Class 10th Economics Solution for easy preparation and manage your study schedule efficiently.

You will study how a country’s economic condition is calculated and compared with that of the other countries in Class 10 Economics. In fact, the value obtained from the calculation also determines whether a country can be called a developed or an underdeveloped nation. You will have to pay attention to the classroom sessions to understand what these terms state. If you are done with the study, test your knowledge proceeding to the exercise. Try to solve the exercise questions and find the level of your answers. You can do it easily if you consider NCERT Solutions for Class 10th Economics as a base. The answers you have framed can be judged based on the answers framed by the experts. Study and summarize the subject. Prepare your notes after understanding the concepts well. This will help you memorize the new concepts perfectly. Your notes and the solution provided by Vedantu will help you revise this subject before the exam.


Class 10 Social Science Chapter Wise NCERT Solutions

Overview of Class 10 Social Science Economics Chapters for CBSE Term I and Term II 2021-22

Chapter 1 - Development

In this chapter, you will learn about different people's incomes and goals, national development, etc. You will learn how to find the average income and compare different countries and states. Practice the formula and solve exercise questions. Learn about the sustainability of development, where you will learn about the overuse of groundwater and the exhaustion of natural resources. To learn the chapter, you can use the NCERT solutions as the proper explanation of the topics can be availed. You can find all the exercise questions answers in the NCERT solutions, thus, it is better that you follow them while preparing each chapter. The solutions are designed by experts and you can download the development class 10 solutions PDF for free.


Important Topics Covered under Class 10 Economics Chapter 1 - Development 

  • What development promises - Different people different goals

  • Income and other goals

  • National development

  • How to compare different countries or states?

  • Income and other criteria

  • Public facilities

  • Sustainability of development


Chapter 2 - Sectors of the Indian Economy

This is the second chapter and it is one of the most important chapters in the syllabus. First, you will learn about sectors of economic activities, in this, you will learn about primary sectors, secondary sectors, and tertiary sectors. Thoroughly learn about all three sectors and go through the examples. Next, you have to compare the three sectors, where you will also get to know about GDP and how to calculate it. You will even understand how to create employment, division of sectors as organized and unorganized differences. Learn the difference between public sectors and private sectors. In the last exercise, you will learn about the responsibilities of the government, learn all the steps and processes. Practice the exercise questions from the NCERT solutions and be thorough while learning. The NCERT solutions provide all the solutions for the NCERT economics class 10.


Important Topics Covered under Class 10 Economics Chapter 2 - Sectors of the Indian Economy 

  • Sectors of economic activities

  • Comparing the three sectors

  • Primary, secondary, and tertiary sectors in India

  • Division of sectors as organised and unorganised

  • Sectors in terms of ownership: Public and private sectors


Chapter 3 - Money and Credit

In this chapter, you have to learn about money and its uses. Money as a medium of exchange is the first topic. In this, you will learn how money helps to make an exchange for goods and other things. Get to know about the modern form of money such as currency and deposits in the bank. Use the NCERT solutions for a better understanding of all the concepts involved in this chapter. Also, you should solve the exercise questions using the solutions. You will also learn about the loan activities of banks. Be very thorough and learn the process carefully. In the next topic, you will learn about terms of credit, you will also learn about formal sector loans and informal sector loans. You will also get to know about formal and informal credit. In the last topic, you will learn about the self-help groups for the poor. Practice all the exercise questions from the NCERT solutions to get more acquainted with the chapter and to answer the questions in a timely manner.


Important Topics Covered under Class 10 Economics Chapter 3 - Money and Credit

  • Money as a medium of exchange

  • Modern forms of money

  • Loan activities of banks

  • Two different credit situations

  • Terms of credit

  • Formal sector credit in India

  • Self Help Groups for the Poor


Chapter 4 - Globalisation and the Indian Economy

The first topic in this chapter is production across countries. In this topic, you will learn about MNCs and their role. Next, you will learn about interlinking production across countries. You should try to learn all the steps and methods. Learn about globalization, the factors affecting it, and the impact that it can have on a country. Also, learn about the struggle for fair globalization. Practice the exercise questions and use the NCERT solutions for the CBSE Class 10 economics.


Important Topics Covered under Class 10 Economics Chapter 4 - Globalisation and the Indian Economy

  • Production across countries

  • Interlinking production across countries

  • Foreign trade and integration of markets

  • What is globalisation?

  • Factors that have enabled globalisation

  • World Trade Organisation

  • Impact of globalisation on India

  • The struggle for a fair globalisation


Chapter 5 - Consumer Rights

This is the last chapter in the economics syllabus. This chapter is important and you have to learn and prepare it properly. The solutions provide an easy explanation for all the topics and chapters. You can use the solutions for the exercise questions. In this chapter, you will learn about the consumers in the marketplace, consumer movement, etc. In the next topic, you will get to know about information about goods and services. Another important topic is ‘where should consumers go to get justice’. You will also understand how to become a well-informed consumer and how to take the consumer movement further. Practice the exercise questions from the solutions and you can also use the solutions for revision purposes.


Important Topics Covered under Class 10 Economics Chapter 5 - Consumer Rights

  • The consumer in the marketplace

  • Consumer movement

  • Consumer Rights

  • Learning to become well-informed consumers

  • Taking the consumer movement forward


Class 10 Social Science Syllabus Term 1

Max. Marks: 40

SI. No.

Units

Marks

I

India and the Contemporary World -1

10

II

Contemporary India – I

10

III

Democratic Politics – I

10

IV

Economics

10

 

Total

40

 

Class 10 Social Science Syllabus Term 2

Max. Marks: 40

SI. No.

Units

Marks

I

India and the Contemporary World -1

10

II

Contemporary India – I

10

III

Democratic Politics – I

10

IV

Economics

10

 

Total

40

 

Internal Assessment Class 10 Social Science

Internal Assessment

Marks

Periodic Assessment

10 Marks

Portfolio

5 Marks

Subject Enrichment Activity

5 Marks

Total

20 Marks

 

NCERT Solutions Class 10 Social Science for CBSE 2021-22 Term I and Term II

The links to the NCERT Solutions for Class 10 Social Science Free PDFs (Geography, Political Science/Civics and Economics) are given below. 

Class 10 NCERT Solutions for All Subjects for CBSE Term I and Term II 2021-22 

Get the NCERT Solutions for Class 10 all subjects (Maths, Science, English, Social Science and Hindi) PDFs on Vedantu. Download these NCERT Solutions PDFs for free by clicking on the links below.

Why Should You Prefer Using NCERT Solutions for Class 10 Economics?

The reason why Class 10 students prefer using NCERT Economics Class 10 PDF solution is convenience. What if you can study the subject at your convenience? You will not have to wait for the teachers to present the best answers as you have the solution file with you. Download the file on your computer and use it at your convenience to study CBSE Class 10 Economics to stay ahead of the class.

Standard answers are what you will find in these NCERT Solutions for Class 10 Social Science Economic Development. The experts are highly experienced teachers of Vedantu who have designed the solutions following the CBSE format. This format tells us to follow a simple language to answer and to stick to the word count for every answer. It will become a lot easier when you practise answering questions related to this subject following the solution. You will get accustomed to the quality of answers and the format used by the experts.

Vedantu is the prime choice for Class 10 students to discover the best NCERT Solution for Class 10 Economics. This solution will save you time to prepare other subjects. You can use your time more efficiently and prepare the syllabus before any exam.


Important Related Links for NCERT Class 10

FAQs on CBSE Class 10 Social Science Understanding Economic Development NCERT Solutions 2022-23

Q1. What is the Best Way to Study Class 10 Understanding Economic Development?

Focus on the class lectures. Read the subject repeatedly to understand the definitions and concepts well. Follow Understanding Economic Development Class 10 PDF solution file for framing the best answers to the exercise questions and make your knowledge more fortified.

Q2. How can you Find the Right Answers to Economics Class 10 Questions?

If you follow how the experienced teachers of Vedantu have framed the right answers to the exercise questions and practice, you will be able to do the same. Download NCERT Solutions for Class 10 Social Science Economics PDF for your convenience.

Q3. How can you Develop Knowledge Related to Economics in Class 10?

CBSE Class 10 Social Science Understanding Economic Development should be studied with proper attention. You will need good study material and a proper solution to the exercise questions to develop your knowledge.

Q4. Is it important to study Economics in Class 10?

The syllabus of Economics is relatively short when compared to other subjects under Social Science. Hence, this makes it even more important. You must make notes and go through all the NCERT Solutions for Class 10 Economics to score the maximum marks. You must also keep in mind the important terms and definitions as they are very essential while framing an answer.

Q5. Which is the most important Chapter in Class 10 Economics?

All the chapters are equally important and you must prepare all of them. You must also practice all the Ncert questions from the page NCERT Solutions for Class 10 Economics on Vedantu’s website (vedantu.com) and revise all the key concepts. The definitions and key features are extremely important as they give weightage to your answers. All the resources are also available on the Vedantu app free of cost.

Q6. Is Class 10 Economics difficult?

No, Economics at Class 10 level is very easy, contains less syllabus and few chapters. Class 10 Economics has only four chapters. It is also fact-based and you only need to know the vital words and important points to score full marks in the subject. Regardless, to leave no scope for error, you must make sure you cover the whole syllabus and answer tactfully.

Q7. Do I need to practice all the questions provided in NCERT Solutions Class 10 Economics?

All the questions are extremely important as they are from NCERT and they have a higher rate of coming in the board examinations. Also, the solutions are written in such a way that they are best suited to the exam pattern and if one studies carefully and thoroughly, they will surely get full marks. The answers cover all the important points and the keywords that are used now and then. The answers can either be seen or downloaded from the page NCERT Solutions for Class 10 Economics free of cost.

Q8. How can I understand Economics Class 10?

The best way to understand Economics is to start with NCERT Solutions for Class 10 Economics. A thorough read followed by noting down all the important concepts is the ideal approach to tackle down Economics. Once you are through with the syllabus, you must then attempt the NCERT questions and then check them using the NCERT Solutions provided by Vedantu. This will not only improve your answers but will also help you figure out where you went wrong so that you don't repeat those mistakes. 

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