Understanding I.S.C. Economics Class- XI

It is a preliminary textbook in economics especially prepared for the students of class XI based on the latest syllabus of the Indian school Certificate (ISC) Examinations.

Though the book is primarily written for the students, we are confident that it will prove equally useful for the general readers also.

The entire subject matter has been divided into three units. Unit-I begins with the definition of economics, basic concepts, types of economy and its basic problems. Unit-II deals with Indian Economic Development and discusses the problems of Indian Economy like population, unemployment poverty and inequality, agricultural and industrial sectors, and capital formation. Unit-III explains important statistical measures.

The stress throughout the book has been given on the clear exposition of the subject and lucid linguistic presentation. Special attention has been given to make the meaning of economic terms and concepts understandable to the beginners with the help of various examples. Care has been taken to use the relevant data from most authentic and reliable sources.

Hints for revision are given towards the end of each chapter which will serve as class-notes to the teachers and will help the students to review and recollect their understanding. Appended to each chapter is a representative selection of questions on its subject matter. These will serve both as tests of the student’s understanding of the subject matter and as indication of the types of questions they are likely to face in the examination room.