NCERT Solutions for Class 12 Economics Chapter 4 – Income Determination
Page No 59: Question 1: What is marginal propensity to consume? How is it related to marginal propensity to save? Answer: Marginal propensity to consume …
Class 12
NCERT Solutions for Class 12 Economics Chapter 3 – Money and Banking
Page No 46: Question 1: What is a barter system? What are its drawbacks? Answer: Barter system is a system that was used in ancient …
NCERT Solutions for Class 12 Economics Chapter 2 – National Income Accounting
Page No 30: Question 1: What are the four factors of production and what are the remunerations to each of these called? Answer: The four …
NCERT Solutions for Class 12 Economics Chapter 1 – Introduction to Macroeconomics
Page No 7: Question 1: What is the difference between microeconomics and macroeconomics? Answer: Points of Difference Microeconomics Macroeconomics 1. Definition It is a branch …
NCERT Solutions for Class 12 Economics Chapter 6 – Non-Competitive Markets
Page No 99: Question 1: What would be the shape of the demand curve so that the total revenue curve is (a) a positively sloped …
NCERT Solutions for Class 12 Economics Chapter 5 – Market Equilibrium
Page No 84: Question 1: Explain market equilibrium. Answer: Market equilibrium is defined as the state of rest that is determined by the rational objectives …
NCERT Solutions for Class 12 Economics Chapter 4 – The Theory of the Firm Under Perfect Competition
Page No 66: Question 1: What are the characteristics of a perfectly competitive market? Answer: Perfect Competition This type of market structure refers to the …
