Class 10 Economics Notes CBSE

Class 10 Economics Chapters

The CBSE Class 10 Economics comprises five important chapters and students can access the notes of these chapters and gain a comprehensive understanding.

Economics Class 10 Chapter 1 - Development

The Economics Class 10 Chapter-1 will make students comprehend the topics Development and all about Developmental issues. Chapter-1 on development briefs how different kinds of people can have different developmental goals, and the perception of development for one person may not view the same for the other person. 

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Development

This concept of development may lead to destruction for others. The chapter also provides answers to questions such as Can development lead to more equality? What should a developed or developing country be like? How should individuals live together? The essential things that are required for survival, and Can life be better for all in developing and developed countries? Students will also get a brief understanding of how different persons could have conflicting yet different notions of a country’s development.

Economics Class 10 Chapter 2 - Sectors of the Indian Economy

Chapter-2 briefs students on how the economy is best comprehended and how each component or sector contributes and affects the other. In this chapter, students will learn about three types of classifications of the economy- primary type of classification, a secondary type of classification, tertiary type of classification, organized or unorganized type of classification, and public or private type of classification. Economics Class 10 Chapter-2 will get students familiarised with fundamental concepts such as Employment, Gross Domestic Product, and other important concepts.

Economics Class 10 Chapter 3 - Money and Credit

Through the Class 10 Economics Chapter 3- Money and Credit students will acquire knowledge on the modern forms of money such as paper notes, and coins and how the modern forms are linked with the banking system. Students will also learn about credit and based on the situations, its impact on the borrowers through two examples which help students understand how credit works- Festive Season and Swapna’s Problem. Money credit also helps students acquire elementary knowledge in terms of credit, Formal Sector Credit in India like Formal sector loans and Informal sector loans, and advantages.

Economics Class 10 Chapter 4 - Globalisation and the Indian Economy

The globalisation and the Indian Economy chapter deals with globalisation and how the Integration between different countries (both developing and developed) through foreign investment and trade by multinational corporations (MNCs). The chapter also discusses the role of MNCs in the globalisation process. Also, it covers the impact of globalisation and the extent to which globalisation can contribute to the development process. It also lays significant emphasis on the Integration of markets and Integration of production.

Economics Class 10 Chapter 5 - Consumer Rights

The Chapter-5 of Economics Class 10 discusses the multiple issues with consumer rights that exist within the context of the Indian market. 

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Consumer Rights

The chapter Consumer Rights ensure students comprehend the awareness of being a well-informed consumer through certain factors such as active participation of people and consumer movement through the struggles established over a long period. This chapter on Consumer Rights also presents details of a few organizations that help consumers in different ways with some critical issues that are related to the consumer movement in India. The chapters describe the safety of Consumers having the right to need protection against the delivery of services and marketing of goods that can be hazardous to life and property. However, the producers need to strictly follow the required safety rules and regulations and act accordingly.