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CBSE Class 11 Economics Chapter 10 Development Experience of India in Comparison with Neighbours

Development Experience of India in Comparison with Neighbours   Development Path of India, Pakistan, and China All the three countries started their development path at the same time. India and Pakistan got independence in 1947 and the People’s Republic of China was established in 1949. All the three countries had started planning their development strategies […]

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CBSE Class 11 Economics Chapter 9 Environment and Sustainable Development

Environment and Sustainable Development  Introduction The environment is defined as the total planetary inheritance and the totality of all resources. It includes all the biotic and abiotic elements that influence each other. All living elements-the birds, animals, and plants, forests, fisheries etc. are biotic elements. Abiotic elements of the environment include non-living elements like air, water, land, rocks, […]

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CBSE Class 11 Economics Chapter 7 Employment

Employment  Introduction Work plays an important role in our lives as an individual and as members of society. A worker is an individual, who is involved in some productive activity, to earn a living. An economic activity refers to the activity performed by people to earn the living. The main three  types of economic activities are consumption, production, and distribution. […]

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CBSE Class 11 Economics Chapter 6 Rural Development

Rural Development Rural Development Rural development is a comprehensive term which essentially focuses on the action for the development of the area which is lagging behind in the overall development of the village economy. Objectives of Rural Development Increasing productivity of the agricultural sector. Generating alternative means of livelihood in the rural sector. Promoting education […]

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CBSE Class 11 Economics Chapter 5 Human Capital Formation in India

Human Capital Formation in India Human Capital Human capital refers to the stock of skill, ability, expertise, education and knowledge in a nation at a point of time. Physical Capital Physical capital refers to assets which themselves have been manufactured and are used for the production of other goods and services. Difference between Physical Capital […]

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CBSE Class 11 Economics Chapter 3 Economic Reforms Since 1991

Economic Reforms Since 1991  Economic Reforms Economic reforms or structural adjustment is a long-term multi-dimensional package of various policies (Liberalisation, privatization, and globalization) and programme for the speedy growth, efficiency in production and make a competitive environment. Economic reforms were adopted by Indian Govt. in 1991. Factor’s responsible for Economic reforms: Fall in foreign exchange […]

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CBSE Class 11 Economics Chapter 2 Indian Economy 1950-1990

Indian Economy 1950-1990  Economic Planning Economic Planning means utilization of country’s resources in different development activities in accordance with national priorities.   Goals of Planning in India Long Term Goals(To be achieved over a period of 20 years) Short Term Goals(To be achieved over a period of five years) LONG TERM GOALS / OBJECTIVES OF PLANNING […]

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