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NCERT Solutions for Economics Class 10 2024-25

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Last updated date: 12th Jul 2024
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NCERT Solutions for Class 10 Economics (Understanding Economic Development) - FREE PDF Download

The NCERT Solutions for Class 10 Economics offers clear and detailed answers to all the questions in the textbook. These solutions help students straightforwardly understand important economic concepts. Understanding Economic Development is a crucial part of this subject which comprises five chapters covering the different aspects of the Indian economy, global rights, and consumer rights. 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. 

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Table of Content
1. NCERT Solutions for Class 10 Economics (Understanding Economic Development) - FREE PDF Download
2. NCERT Solutions for Class 10 Economics Chapter-wise Links - Download the FREE PDF
3. Quick Overview of NCERT Solutions Class 10 Economics
4. NCERT Solutions for Class 10 Economics: Chapter Details, Concepts, and Important Links
    4.1Chapter 1: Development
    4.2Chapter 2: Sectors of The Indian Economy
    4.3Chapter 3: Money and Credit
    4.4Chapter 4: Globalisation and The Indian Economy
    4.5Chapter 5: Consumer Rights
5. Benefits of Referring to Vedantu’s NCERT Solutions for Class 10 Economics
6. Related Important Links for Class 6 Economics
FAQs


NCERT Solutions For Class 10 Social Science is also great for exam preparation, covering all key topics and questions from the textbook. Using CBSE Class 10 Social Science Syllabus, students can clear up doubts, reinforce their understanding, and build a strong base in economics. This resource is designed to improve performance, making it essential for any Class 10 students.


NCERT Solutions for Class 10 Economics Chapter-wise Links - Download the FREE PDF


Below is the pictorial representation of the Class 10 NCERT Economics Syllabus for better understanding.


NCERT Solutions for Class 10 Social Science


Quick Overview of NCERT Solutions Class 10 Economics

  • NCERT Economics Class 10 answers all chapters in the NCERT textbook, ensuring complete coverage.

  • NCERT Class 10 Economics solutions help students practice and evaluate their understanding of economic concepts, improving retention and clarity.

  • Each solution offers detailed explanations, including step-by-step methods and relevant examples, facilitating effective learning and revision.

  • This resource is essential for exam preparation, helping students build a strong foundation in economics and their confidence in tackling exam questions.

Chapter 1: Development

NCERT Solutions for Class 10 Economics Chapter 1 examines the concept of development and its societal importance. 


  • NCERT Economics Class 10 Chapter 1 Development introduces the concept of development, highlighting its economic, social, and environmental aspects.

  • It discusses various development indicators like income, health, and education, and their role in the growth of society.

  • This chapter compares developed, developing, and underdeveloped nations, explaining the reasons behind these differences.

  • It focuses on sustainable development, stressing the need to balance economic growth with environmental care.

  • Students will explore traditional and modern development approaches and the impact of policies and international organisations.


Important Topics Covered in Chapter 1: Development

  • Understanding Development

  • Different People, Different Goals

  • Income and Other Goals

  • National Development

  • Comparing Different Countries or States

  • Income and Other Criteria

  • Public Facilities

  • Sustainability of Development


Along with Class 10 Economics NCERT Solution, you can also refer to Class 10 Development Revision Notes.


Chapter 2: Sectors of The Indian Economy

NCERT Economics Class 10 Chapter 2 explores the primary, secondary, and tertiary sectors and their economic roles.


  • Chapter 1 Development explains the different sectors of the Indian economy and their roles.

  • It describes the primary, secondary, and tertiary sectors, detailing their functions and significance.

  • The chapter discusses how each sector contributes to the overall economy and employment.

  • It explores the concept of the organised and unorganised sectors, highlighting their differences.

  • This chapter also examines the changes in the importance of different sectors over time and their impact on economic development.


Important Topics Covered in Chapter 2: Sectors of The Indian Economy

  • Introduction to the Sectors of the Economy

  • Primary, Secondary, and Tertiary Sectors

  • Organised and Unorganised Sectors

  • Interdependence of Sectors

  • Role of Government in Different Sectors


Along with Class 10 Economics NCERT Solution, you can also refer to Class 10 Sectors of The Indian Economy Revision Notes


Chapter 3: Money and Credit

NCERT Economics Class 10 Chapter 3 establishes the significance of money and credit, fostering an understanding of financial systems.


  • This chapter explains the role of money in everyday transactions and the need for a proper financial system.

  • It discusses the concepts of formal and informal credit, highlighting their differences and impacts on society.

  • The Money And Credit chapter covers the functioning of various financial institutions and their role in providing credit.

  • It explores the importance of credit in economic development and the issues related to credit accessibility.

  • This chapter emphasises the significance of responsible borrowing and lending practices for future financial stability.


Important Topics Covered in Chapter 3: Money and Credit

  • Evolution and Functions of Money

  • Formal and Informal Credit Sources

  • Role of Banks and Financial Institutions

  • Challenges in Credit Accessibility and Responsible Borrowing


Along with Class 10 Economics NCERT Solution, you can also refer to Class 10 Money And Credit Revision Notes


Chapter 4: Globalisation and The Indian Economy

  • NCERT Economics Class 10 Chapter 4 explains the concept of globalisation and its impact on the Indian economy.

  • It discusses how globalisation has affected the agriculture, industry, and services sectors in India.

  • The chapter explores the benefits and challenges of globalisation for workers, consumers, and businesses.

  • It provides insights into the role of multinational corporations (MNCs) in the Indian market.

  • The chapter outlines the measures taken by the Indian government to promote globalisation and its importance for economic development.


Important Topics Covered in Chapter 4: Globalisation and The Indian Economy

  • Definition and Meaning of Globalisation

  • Factors Enabling Globalisation

  • Impact on Agriculture, Industry, and Services

  • Role of Multinational Corporations (MNCs)

  • Benefits and Challenges of Globalisation

  • Government Policies and Measures

  • Case Studies on Globalisation

  • Future Prospects for Globalisation in India


Along with Class 10 Economics NCERT Solution, you can also refer to Class 10 Globalisation and The Indian Economy Revision Notes


Chapter 5: Consumer Rights

NCERT Solutions for Class 10 Economics Chapter 5 lays a strong foundation for understanding consumer rights and the importance of being informed and vigilant as a consumer.


  • This chapter educates students about their rights and responsibilities in the marketplace.

  • It covers various consumer protection laws and the mechanisms available for safeguarding consumer interests.

  • The chapter explains how consumers can address grievances and the role of consumer courts.

  • It emphasises the importance of consumer awareness and how informed choices impact the economy.

  • This chapter highlights the need for ethical business practices and the role of vigilant consumers.


Important Topics Covered in Chapter 5: Consumer Rights

  • Understanding Consumer Rights

  • Consumer Protection Laws

  • Mechanisms for Grievance Redressal

  • Role of Consumer Courts

  • Importance of Consumer Awareness

  • Impact of Informed Consumer Choices

  • Ethical Business Practices

  • Consumer Vigilance and Responsibility


Along with Class 10 Economics NCERT Solution, you can also refer to Class 10 Consumer Rights Revision Notes


Benefits of Referring to Vedantu’s NCERT Solutions for Class 10 Economics

  • Economic Class 10 provides clear and extensive explanations for each topic, allowing students to better understand the concepts.

  • These solutions cover all important topics and questions from the textbook, which is helpful for thorough exam preparation.

  • Problems are solved step-by-step, making it simple for students to learn and apply problem-solving techniques.

  • Practising these solutions can help students improve their speed and accuracy, aiding in better time management during exams.

  • The solutions help clear up any doubts students may have, ensuring a strong grasp of economic principles.

  • Regular practice with Economic Class 10 solutions boosts students' confidence, making them well-prepared for their exams.


Economic Class 10 equips students with essential knowledge about economic principles and practices. Understanding consumer rights, various economic policies, and market dynamics helps students become informed citizens. The comprehensive study of these topics not only prepares students for exams but also lays a strong foundation for future economic studies and practical life applications. This subject is crucial for personal and professional growth.


Related Important Links for Class 6 Economics

Along with this, students can also download additional study materials provided by Vedantu for CBSE Class 10 Economics –


FAQs on NCERT Solutions for Economics Class 10 2024-25

1. What is the best way to understand Economic Development in Economic Class 10?

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

2. How can you find the right answers to Economic 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 Social Science Economic Class 10 PDF for your convenience.

3. How can you develop knowledge related to Economics in Class 10?

CBSE Class 10 Social Science understanding of 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.

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

The syllabus of Economics Class 10 NCERT  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 10th 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.

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

All the chapters are equally important and you must prepare all of them. You must also practise 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 weight to your answers. All the resources are also available on the Vedantu app free of cost.

6. Do I need to practise all the questions provided in NCERT Solutions Class 10th Economics?

All the questions are extremely important as they are from Economics Class 10 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 Class 10 Economics free of cost.

7. How can I understand Class 10th Economics?

The best way to understand Economics is to start with NCERT Solutions for Class 10th Economics. A thorough read followed by noting down all the important concepts is the ideal approach to tackling Economics. Once you are through with the syllabus, you must then attempt the NCERT questions and check them using the Economics NCERT Class 10 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.

8. Can NCERT Class 10 Economics improve my performance in exams?

Yes, Economics NCERT Class 10 is designed to cover all important topics and questions from the textbook, which are often reflected in exams. By practising these solutions, students can familiarise themselves with the question patterns and improve their answering techniques. This thorough preparation can lead to better performance in exams.

9. Are NCERT Class 10 Economics useful for clearing doubts about economic concepts?

Economics NCERT Class 10 is very helpful in clearing doubts. They provide detailed explanations and step-by-step solutions that address common student queries. By studying these solutions, students can resolve their misunderstandings and reinforce their knowledge, leading to a stronger grasp of economic concepts.