NCERT Solutions for Class 11 Economics

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Class 11 Economics NCERT Textbook Solutions - Free PDF download

Class 11 Economics is a crucial subject that has been added to the curriculum for students who might be interested in the field. It is one such subject that has great value and importance in everyday life. The primary purpose of studying economics is to learn about the production and consumption of products and services. It also deals with how they are distributed in the markets. The study not only includes the products and services but also the demand and supply for them.

Studying economics is very important, especially to understand and analyse the business decisions made by the firms. This includes individual scales and also government-level projects. As an individual, learning this subject will make us aware of how to spend on work, our entertainment and leisure time, and at the same time how to save it. While, from a business point of view or an individual viewpoint, we would also understand how trends, inflation, and interests affect our decision-making ability.

Class 11 Economics introduces students to several significant concepts of demand, supply, market mechanism, and banking systems fundamental for understanding critical concepts that determine the mechanism of both micro and macroeconomic factors.

Microeconomics is the study of prices for goods and services based on the allocation of resources and human choices. Macroeconomics studies economics as a whole, in a large entity. This would include growth rate, domestic production, and also inflation.

In this regard, NCERT Solutions for Economics Class 11 provide critical insights to the nuances of important chapters like liberalisation, privatisation, globalisation, sustainable development, etc. which help students clarify important economic concepts and gain adequate knowledge about the basics of the subject. Furthermore, the NCERT 11th Economics is curated by scholars and CBSE teachers and therefore adequately caters to the requirements of the syllabus and question pattern.

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NCERT Solutions for Class 11 Economics PDF

The CBSE Class 11 Economics Book PDF versions can be availed from several online educational websites. The book covers comprehensive details of all the chapters included in the CBSE Economics Commerce Syllabus with examples, diagrams and detailed analysis of important topics. With these PDF versions, the student will have a hassle-free learning experience as they will not have to research for each topic separately. They can use it for reference to have an extensive understanding of each topic.


Chapter - Wise NCERT Solutions For Class 11 Economics

Chapter 1

Indian economy on the Eve of Independence

Chapter 2

Indian Economy (1950 – 1990)

Chapter 3

Liberalisation, Privatisation and Globalisation: An Appraisal

Chapter 4

Poverty

Chapter 5

Human Capital Formation In India

Chapter 6

Rural Development

Chapter 7

Employment Growth, Informalisation and Other Issues

Chapter 8

Infrastructure

Chapter 9

Environment and Sustainable Development

Chapter 10

Comparative development Experiences of India and Its Neighbors


Important Topics Covered in Class 11 Economics:

Chapter 1: Indian Economy on the Eve of Independence 

Low Level of Economic Development Under the Colonial Rule 

  • Agricultural Sector

  • Industrial Sector

  • Foreign Trade

  • Demographic Condition

  • Occupational Structure 

  • Infrastructure 

Chapter 6: Rural Development

  • What is Rural Development?

  • Credit And Marketing in Rural Areas

  • Agricultural Market System

  • Diversification Into Productive Activities

  • Sustainable Development And Organic Farming

Chapter 2: Indian Economy 1950-1990

  • The Goals of Five Year Plans 

  • Agriculture 

  • Industry And Trade

  • Trade Policy: Import Substitution 


Chapter 7: Employment: Growth, Informalisation, And Other Issues

  • Workers And Employment

  • Participation of People in Employment

  • Self-Employed And Hired Workers

  • Employment in Firms, Factories, And Offices

  • Growth And Changing Structure of Employment

  • Informalisation of Indian Workforce

  • Unemployment

  • Government And Employment Generation

Unit II: Economic Reforms Since 1991


Chapter 3: Liberalisation, Privatisation, And Globalisation : An Appraisal

  • Background

  • Liberalisation 

  • Privatisation 

  • Globalisation 

  • Indian Economy During Reforms: An Assessment 

Chapter 8: Infrastructure

  • What is Infrastructure?

  • Relevance of Infrastructure

  • The State of Infrastructure In India

  • Energy

  • Health

Unit III: Current Challenges Facing The Indian Economy 


Chapter 4: Poverty 

  • Who Are the Poor? 

  • How Are Poor People Identified? 

  • The Number of Poor in India

  • What Causes Poverty? 

  • Policies And Programmes Towards Poverty Alleviation 

  • Poverty Alleviation Programmes 

  • — A Critical Assessment 

Chapter 9: Environment And Sustainable Development

  • Environment — Definition And Functions

  • State of India’s Environment

  • Sustainable Development

  • Strategies for Sustainable Development


Chapter 5: Human Capital Formation in India 

  • What is Human Capital? 

  • Sources of Human Capital

  • Human Capital And Human Development 

  • State of Human Capital Formation in India 

  • Education Sector in India 

  • Future Prospects

Unit IV: Development Experiences of India: A Comparison With Neighbours


Chapter 10: Comparative Development Experiences of India and Its Neighbours

  • Developmental Path - A Snapshot View

  • Demographic Indicators

  • Gross Domestic Product And Sectors

  • Indicators of Human Development

  • Development Strategies - An Appraisal


Examples of Topics and Solutions Covered Under NCERT Class 11 Economic Solutions

Listed below are some examples of NCERT Economics Class 11 solutions that elaborated on how the book stands helpful for the students.


NCERT Solutions for Class 11 Economics: Chapter 1 and Chapter 2

Chapter 1 and 2 provides an introduction to the Indian Economic system and the changes it has undergone after the country got her Independence. The struggles of a stagnant economy and underdevelopment that affected the Indian economy in the post-Independence period is analysed and explained in detail.

The solutions provide brief answers on topics like India’s occupational structure, demographic conditions, per capita income and infrastructure. It also elaborated on five-year plans, reforms in the agricultural sector that was undertaken to help the country emerge from its poverty.


NCERT 11th Economics Solutions: Chapter 3 and Chapter 4

Chapter 3 and 4 of  NCERT Solutions for Class 11 Economics covers significant topics like globalisation, privatisation, liberalisation and poverty. This chapter talks about the reformative policies that were undertaken by the Indian Government to step up its international presence as well as give a boost to the domestic economy.

The chapter will enable students to clarify crucial concepts related to direct tax, disinvestment, indirect tax and others. Students also get to learn about the impacts and causes of the Sircilla tragedy. Additionally, they also learn about the pros and cons of general reforms.


Class 11th NCERT Economics Solutions: Chapter 5 and Chapter 6

NCERT solutions of CBSE Class 11 Economics book PDF for chapter 5 and 6 cover topics like human capital formation in India and rural development. The solutions do not only elaborate on the general purpose of these two economic concepts but also help understand the impacts that it made on the Indian economy in terms of generating employment, increasing productivity and also the distinguishing factors between financial and physical capital.

Economics class 11 is of great importance when it comes to examinations. This subject is relatively new, and students will need all the help that they can get to cement their basics. This learning of basics in class 11 will help the students to tackle the syllabus of economics in class 12, which will further help them to score good marks in their higher secondary examinations. 

Vedantu’s class 11 Economics guide acts as a teacher to clear all doubts and concepts right from the beginning. It is written by experts of the field who know a lot about the subject and also about the examinations. Students are advised to pay close attention to all the solutions and learn them very well, to get a clear understanding.

The marks distribution of Economics class 11 is divided in the ratio of 80:20, in respect to theory and project, respectively.


Economics Class 11 Marks Weightage

Units

Chapters

Marks Allocated

Total

Part 1

Statistics for Economics

40


Part 2

Indian economic development

40


Part 3

project

20

100


Importance of NCERT Class 11 Economics PDF

Class 11th Economics NCERT PDF proves beneficial in a number of ways to improve the learning process of the student. Being a relatively new subject, it would take some time before the students get the hang of what’s going on in the subject. 

  • Vedantu’s NCERT economics class 11 PDF of the solutions are written in lucid language with simple and easy to follow language. Every student reading this would find it very simple to follow.

  • All the answers are written following the NCERT guidelines very closely. Students need not worry about studying any content that is out of the syllabus.

  • It is curated by subject matter experts. So, all answers are accurate and written in a way that would fetch maximum marks in the exam. There is no need to worry about the credibility of these answers.

  • Provide a detailed introduction to crucial topics. This would help strengthen concepts right from the beginning.

  • Explains critical topics with diagrams.

  • Provides adequate examples to clarify the concepts.

  • Provides step by step statistical solutions to respective sums. There are many real-life problems that are important in this subject. Students will be exposed to these in detail so that there is no problem in solving them in the examination.

  • All the solutions are arranged in chapter-wise order, making it very easy for the students to read and refer to the solutions as and when they need it. The students can use these for a quick revision or references when required.

  • The solutions by Vedantu are free of cost and are available for anyone to access at any time. This makes the whole process very easy and convenient for students as they do not have to worry about any extra fees or costly books. 

  • NCERT Class 11 economics solutions can also be downloaded for offline use. This way, students can access the file offline through a PDF and have it saved on other platforms as well. It can also be printed out which makes it easy to be used as notes.  

Therefore, students should keenly follow NCERT Economics Class 11 solutions to score better in terms of both short and long answer questions in their exams.

With these abundant facilities provided by us, students can definitely excel in this subject. So what is the wait? Need assistance in class 11 Economics or in any other subject, make sure to visit Vedantu’s website for important notes and revision material. You can also download the NCERT textbook from the website itself. To make things easier, take a look at the mobile app. All the best!

FAQs (Frequently Asked Questions)

1. Which are the Important Topics for Class 11 Economics?

The important topics for class 11 economics that the student must study in detail are meaning and difference of micro and macroeconomic concepts, consumer equilibrium, meaning of utility, the concept of marginal utility, market structure, the mechanism of demand and supply, demand and supply curve, the meaning of and factors affecting elasticity of demand.


Apart from this, students also need to learn producer behaviour and supply chain, the concept of short-run and long-run production, average product, marginal product, supply curve and producer equilibrium.

2. What is Meant by Sustainable Development?

The concept of sustainable development is a critical notion that is meant to define the process by which a country manages its production without causing depletion in the country’s natural resources and bringing about environmental degradation.


This process largely follows a series of development that ensures a sustained increase in the per-capita income of a country, coupled with rational use of raw materials and natural resources. It uses strategies like the use of a non-conventional source of energy like a hydro power plant, or use of LPG for increasing energy efficiency as well as reducing environmental pollution.

3. How Helpful is NCERT Economics Class 11 Solutions?

The NCERT solution for Class 11 is extremely helpful for students preparing for the board examinations. The solutions provide a detailed definition of crucial economic concepts like marginal utility, demand and supply, etc. so that the student can effectively learn the basics.


These solutions also provide a diagrammatic explanation to elucidate on topics related to increase and decrease in demand and its mutual effect on the economic transaction and gross income of a country. The Solutions also helps students to understand the concept of supply chain and factors that affect the supply chain through statistical and diagrammatic analysis.

4. What is Economics all about Class 11?

The Economics syllabus for Class 11 provides critical insight into the details of important concepts such as privatisation, liberalisation, globalisation, sustainability, etc. This helps students clarify the important concepts in Economics to gain proper knowledge of the fundamentals of this subject. To have an effective understanding of the vast syllabus of Class 11 Economics, it is imperative to go through the NCERT solutions by Vedantu which are guaranteed to help you to understand the concepts easily and clearly. Curated by experts in the field, this PDF is free to download, meaning you can study from them at your comfort and convenience.

5. Is Economics hard in Class 11?

No, Economics for class 11 is not hard, but because a lot of new concepts are introduced, it is a good idea to refer to NCERT Solutions. These solutions offered by Vedantu are accurate and effective for exams and help the students to clear out the concepts with ease. The solutions provided by us are free and also available on the Vedantu Mobile app, making it much easier.

6. What is Economics Class 11 NCERT?

The Class 11 NCERT book for Economics covers the extensive details of every single chapter contained in the CBSE Syllabus for Economics in Commerce stream with the help of examples, diagrams as well as detailed analysis of highlighted topics. The notes and solutions provided are free and also available on the Vedantu Mobile app, making it much easier to learn and understand.

7. How many chapters are there in Economics in Class 11?

The syllabus of Economics in Class 11 consists of 10 chapters. They are: 

  1.  Indian economy on the Eve of Independence PDF

  2.  Indian Economy (1950 – 1990) PDF

  3.  Liberalisation, Privatisation and Globalisation: An Appraisal

  4.  Poverty 

  5.  Human Capital Formation In India

  6.  Rural Development 

  7.  Employment Growth, Informalisation and Other Issues 

  8.  Infrastructure 

  9.  Environment and Sustainable Development 

  10.  Comparative Development Experiences of India and Its Neighbors

All of these Chapters have been covered in extensive detail in the Class 11 solutions for Economics available at Vedantu's website.

8. Which is the best book for Class 11 Economics?

There is no substitute to your NCERT book for Class 11 Economics because it is prepared according to the syllabus prescribed by CBSE. You can also download the NCERT Solutions PDF from Vedantu to get a good grip of all the topics and concepts in the book for even better results in Class 11. The solutions here are free of cost and also available on the Vedantu Mobile app.

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