CBSE Class 12 Economics NCERT Solutions 2022 For Term 1 & Term 2: Economics 12th grade The NCERT Solutions on this page offer a wide range of concepts as well as in-depth information on all of the questions in the NCERT Textbooks. Microeconomics and Macroeconomics are the two types of economics that are commonly used. You will have a more advanced level of concepts in Economics in Class 12. To understand and learn concepts quickly, become familiar with a wide range of examples. Aspirants preparing for the Class 12 Economics Subject can use the link to download Class 12 Economics NCERT Solutions provided on our page.
Download Chapter-Wise NCERT Solutions for Class 12 Economics PDF 2022 For Term 1 & Term 2
The table below shows the chapter-wise arrangement of the different concepts in both the books, the Indian economy, and Statistics for Economics. It also has download links to the chapters.
Chapter-wise NCERT Solutions for Class 12 Micro Economics
- Chapter 1 – Introduction to Economics NCERT Solutions
- Chapter 2 – Theory of Consumer Behaviour NCERT Solutions
- Chapter 3 – Production and Costs NCERT Solutions
- Chapter 4 – The Theory of the Firm under Perfect Competition NCERT Solutions
- Chapter 5 – Market Equilibrium NCERT Solutions
- Chapter 6 – Non-competitive Markets NCERT Solutions
Chapter-wise NCERT Solutions for Class 12 Macro Economics
- Chapter 1 – Introduction to Macro Economics NCERT Solutions
- Chapter 2 – National Income Accounting NCERT Solutions
- Chapter 3 – Money and Banking NCERT Solutions
- Chapter 4 – Determination of Income and Employment NCERT Solutions
- Chapter 5 – Government Budget and the Economy NCERT Solutions
- Chapter 6 – Open Economy Macroeconomics NCERT Solutions
Chapter-wise Summary of Class 12 Economics 2022 For Term 1 & Term 2
The Class 12 Economics NCERT Solutions syllabus is primarily divided into two major parts – Microeconomics and Macroeconomics.
While the former deals with individuals and their economic issues, the latter studies the behavior of large-scale economic factors like that of Government and National productivity.
Class 12 Economics Part I
Chapter 1: Introduction to Economics
The first chapter of CBSE Class 12 Economics NCERT Solutions provides a solution on introductory of Economics and its allied concepts like the scope of it, reasons for economic problems, etc.
Chapter 2: Consumer Equilibrium
This chapter of Economics 12th PDF solution deals with concepts like budget line, budget set, the downward sloping of the budget line, and others.
Chapter 3: Demand
The third chapter of CBSE Class 12 Economics NCERT Solutions contains solutions to several numerical problems and topics like market demand, the law of demand, change of demand, etc.
Chapter 4: Elasticity of Demand
Just like the previous chapter, this one also gives solutions on an account of concepts such as elasticity of demand, inelastic demand, and related sums.
Chapter 5: Production
The fifth chapter focuses on the production function, total and average of the product of an input, marginal product of input, and others.
Chapter 6: Cost
From this chapter, students will get to learn about different types of cost like total cost, variable cost as well as cost function solutions with proper explanation.
Chapter 7: Supply
This chapter further elaborates how different aspects like technological progress, increased price of input affects a supply curve of a business organization.
Chapter 8: Revenue
From this chapter of Economics Numericals for Class 12 CBSE PDF students will get to know about different kinds of revenue and how that influences a firm.
Chapter 9: Producer Equilibrium
The ninth chapter of CBSE Class 12 Economics NCERT Solutions explains solutions on how producer equilibrium is attained through some effective measures like an MR/MC approach and so on.
Chapter 10: Perfect Competition
Starting from defining a good market and different forms of the market to homogeneous products, all are part of this chapter.
Chapter 11: Non – Competitive Market
This chapter gives a detailed explanation of monopolistic competition, its association with zero profit and similar concepts.
Chapter 12: Market Equilibrium and Simple Application
The concluding chapter of Economics Class 12 provides conceptual insights into the equilibrium price of a commodity and its representations through supply and demand graphs and others.
Class 12 Economics Part II
Chapter 1: Introduction to Macro Economics and Its Concepts
The first chapter of Economics Class 12 MacroEconomics gives an account of the Great Depression of 1929, features of a capitalist economy, etc.
Chapter 2: National Income and Related Aggregates
This chapter of CBSE Class 12 Economics NCERT Solutions discusses solutions on concepts like factor payment, planned and unplanned inventory accumulation, etc.
Chapter 3: Money
The third chapter of the 12th Commerce Economics textbook solutions deals with the importance of money and other concepts like a Barter system, money supply, transaction demand and so on.
Chapter 4: Banking
This chapter of CBSE Class 12 Economics highlights the functions of commercial banks, delimitation of money multipliers, etc.
Chapter 5: Aggregate Demand and Its Related Concepts
In this chapter, topics like Aggregate demand and supply, the consumption function, etc. are discussed.
Chapter 6: National Income Determination and Multiplier
Moving to the next chapter of Class 12 Economics, it deals with “Paradox of Thrift”, Effective Demand, and other numerical problems related to these concepts.
Chapter 7: Excess Demand and Deficient Demand
Concepts like excess demand, inflationary gap, full employment, etc. are discussed in this chapter of CBSE Class 12 Economics NCERT Solutions.
Chapter 8: Government Budget and Economy
This chapter points out the difference between capital expenditure, revenue expenditure, fiscal deficit, etc.
Chapter 9: Foreign Exchange Rate
In this chapter, different aspects of foreign exchange like its system, rates, risk, etc. are elaborated.
Chapter 10: Balance of Payment
The concluding chapter of Economics Class 12 defines topics like balance of trade, visible and invisible items, and other related ones with minute detail.
We have covered the detailed guide on Class 12 Economics NCERT Solutions. Feel free to ask any questions in the comment section below.
FAQs- NCERT Solutions for Class 12 Economics 2022 For Term 1 & Term 2
How many parts are there in 12th Economics NCERT Solutions?
NCERT Solutions of Economics for Class 12 has two parts.
How can I download the NCERT Solutions for Class 12 Economics?
Go through the above blog to download the NCERT Solutions for Class 12 Economics.
Is the NCERT Economics textbook enough for Class 12 exam preparation?
Yes, the NCERT Economics textbook is sufficient to pass Class 12. Students can also refer to other textbooks if they are aiming for good marks and preparation for NEET and IIT JEE exams.
What is the basic importance Of Solving 12th Economics NCERT Solutions?
Going through NCERT solutions for Economics will help you to grasp the concepts in a better way and enable you to become proficient in the subject.
What are the benefits of Class 12 Economics NCERT Solutions?
The benefits of using Class 12 Economics NCERT Solutions are:
1. All the concepts are explained in detail clearly and concisely so that students do not get confused.
2. Answers to questions and solutions to problems are in an easy-to-understand form.
3. You can get NCERT Solutions for Economics Class 12 under the CBSE syllabus in the downloadable PDF format.
Which is the best NCERT Solutions Book for Class 12 Economics?
The best NCERT Solutions for Class 12 Economics is MBD NCERT Solutions Economics For Class-12.
How to prepare with Class 12 Economics NCERT Solutions?
Economics for Class 12 is vast and varied and forms the core foundational knowledge required for pursuing higher education in the field. So, you should learn all the concepts properly with the help of solutions, books, and other such reference materials from NCERT.
Is TS Grewal Solutions Economics For Class – XII Economics useful for the students?
Yes, T S Grewal Solutions Economics For class 12 students is very useful.