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

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.

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

Class 10 Social Science Syllabus Term 2

Internal Assessment Class 10 Social Science

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. 

• NCERT Solutions for Class 10 Social Science Contemporary India II

• NCERT Solutions for Class 10 Social Science Democratic Politics II

• NCERT Solutions for Class 10 Social Science India and the Contemporary World-II
  
  

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.

• NCERT Solutions for Class 10 Maths

• NCERT Solutions for Class 10 Science 2022

• NCERT Solutions for Class 10 English

• NCERT Solutions for Class 10 Hindi

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.

Importance of Class 10 Social Science Understanding Economic Development Solutions

This is a fundamental subject in the CBSE Class 10 syllabus that students study to develop their concepts. In this subject, an important section is the Understanding Economic Development part of the syllabus.Following are the Importance of Class 10 Social Science Understanding Economic Development Solutions.

This part of the NCERT Class 10 Social Science syllabus contains five vivid chapters that enable students to understand what economics stands for in the modern era. 

These chapters deliver knowledge related to the development of a country, different sectors of the Indian Economy, credit and money, the impact of globalisation on the Indian Economy, and the consumer rights that have developed in due course of time.

To make these chapters easier to comprehend and assess your preparation level, the chapters have provided vivid exercises with conceptual questions. Answering these questions will help you find out where you need to focus more. This is where the Class 10 Social Science Understanding Economic Development Chapters solutions come into the picture.

You can study the answers given in the solutions and develop your answering skills accordingly. Cover the entire syllabus and find the exact answers to fundamental questions such as What is Class 10 Social Science Understanding Economic Development.

Benefits of Class 10 Social Science Understanding Economic Development Chapters Solutions

Following are the benefits of Class 10 Social Science Understanding Economic Development Chapters Solutions:

• The solutions to the exercise questions of a chapter have been consolidated to form a downloadable file. You can easily find the files when you know the Class 10 Social Science Understanding Economic Development all Chapter Name. It will help you organise your study material and proceed with the preparation of the subject.

• Use the solutions as a Social Science Understanding Economic Development Guide for Class 10 and complete preparing one chapter after the other.

• Develop your concepts by using these solutions as an assessment tool. Find out which part of the chapters you need to focus on more and fortify your preparation.

• Learn how to attempt such questions by following the answering formats compiled by the experts. Escalate your answering skills to the next level.

Download Class 10 Social Science Understanding Economic Development Chapter Wise PDF

Get the free PDF version of the exercise solutions for all the chapters and boost your preparation for this subject. Resolve doubts faster and make your study sessions more productive by referring to the solutions. Follow the answers given by the subject experts to score more in the exams. 

Important Related Links for NCERT Class 10

• CBSE Class 10 Revision Notes

• NCERT Books for Class 10

• Important Questions for CBSE Class 10

• NCERT Exemplar Solutions for Class 10

• CBSE Class 10 Syllabus

• CBSE Class 10 Maths Formulas