NCERT Solutions are contemplated as an exceptionally helpful book while preparing for the CBSE Class 12 Economics Board examinations. This study resource possesses an intense knowledge and the Solutions collated by the subject matter experts are no different. This chapter is a brief introduction to Microeconomics.
NCERT Solution for Class 12 Economics Chapter 1 – Introduction gives a brief presentation about the subject with the exercises. Economics is a science that studies human traits which aims at distribution of scant resources in such a way that buyer can maximise their satisfaction, manufacturers can maximise their surplus yield and society can maximise its social comfort. It is all about making choices in the existence of insufficiency or scarcity.
Scarcity means inadequacy of resources and goods in relation to their demand. Scarcity is the source of all the economic issues.
NCERT solutions for class 12 Economics chapter 1 provides a broad degree of illustrative examples; which helps the students to comprehend and learn quickly. The above mentioned is the illustrations for class 12 CBSE syllabus. For more solutions and study materials of NCERT solutions for class 12 Economics visit BYJU’S or download the app for more information and the best learning experience.