NCERT Solutions for Economics Class 10 (2024-25)

Chapter 1: Development

NCERT Solutions for Class 10 Economics Chapter 1 examines the concept of development and its societal importance. 

• NCERT Economics Class 10 Chapter 1 Development introduces the concept of development, highlighting its economic, social, and environmental aspects.

• It discusses various development indicators like income, health, and education, and their role in the growth of society.

• This chapter compares developed, developing, and underdeveloped nations, explaining the reasons behind these differences.

• It focuses on sustainable development, stressing the need to balance economic growth with environmental care.

• Students will explore traditional and modern development approaches and the impact of policies and international organisations.

Important Topics Covered in Chapter 1: Development

• Understanding Development

• Different People, Different Goals

• Income and Other Goals

• National Development

• Comparing Different Countries or States

• Income and Other Criteria

• Public Facilities

• Sustainability of Development

Along with Class 10 Economics NCERT Solution, you can also refer to Class 10 Development Revision Notes and Development Important Questions.

Chapter 2: Sectors of The Indian Economy

NCERT Economics Class 10 Chapter 2 explores the primary, secondary, and tertiary sectors and their economic roles.

• Chapter 1 Development explains the different sectors of the Indian economy and their roles.

• It describes the primary, secondary, and tertiary sectors, detailing their functions and significance.

• The chapter discusses how each sector contributes to the overall economy and employment.

• It explores the concept of the organised and unorganised sectors, highlighting their differences.

• This chapter also examines the changes in the importance of different sectors over time and their impact on economic development.

Important Topics Covered in Chapter 2: Sectors of The Indian Economy

• Introduction to the Sectors of the Economy

• Primary, Secondary, and Tertiary Sectors

• Organised and Unorganised Sectors

• Interdependence of Sectors

• Role of Government in Different Sectors

Along with Class 10 Economics NCERT Solution, you can also refer to Class 10 Sectors of the Indian Economy Revision Notes and Sectors of the Indian Economy Important Questions.

Chapter 3: Money and Credit

NCERT Economics Class 10 Chapter 3 establishes the significance of money and credit, fostering an understanding of financial systems.

• This chapter explains the role of money in everyday transactions and the need for a proper financial system.

• It discusses the concepts of formal and informal credit, highlighting their differences and impacts on society.

• The Money And Credit chapter covers the functioning of various financial institutions and their role in providing credit.

• It explores the importance of credit in economic development and the issues related to credit accessibility.

• This chapter emphasises the significance of responsible borrowing and lending practices for future financial stability.

Important Topics Covered in Chapter 3: Money and Credit

• Evolution and Functions of Money

• Formal and Informal Credit Sources

• Role of Banks and Financial Institutions

• Challenges in Credit Accessibility and Responsible Borrowing

Along with Class 10 Economics NCERT Solution, you can also refer to Class 10 Money And Credit Revision Notes and Money And Credit Important Questions.

Chapter 4: Globalisation and The Indian Economy

• NCERT Economics Class 10 Chapter 4 explains the concept of globalisation and its impact on the Indian economy.

• It discusses how globalisation has affected the agriculture, industry, and services sectors in India.

• The chapter explores the benefits and challenges of globalisation for workers, consumers, and businesses.

• It provides insights into the role of multinational corporations (MNCs) in the Indian market.

• The chapter outlines the measures taken by the Indian government to promote globalisation and its importance for economic development.

Important Topics Covered in Chapter 4: Globalisation and The Indian Economy

• Definition and Meaning of Globalisation

• Factors Enabling Globalisation

• Impact on Agriculture, Industry, and Services

• Role of Multinational Corporations (MNCs)

• Benefits and Challenges of Globalisation

• Government Policies and Measures

• Case Studies on Globalisation

• Future Prospects for Globalisation in India

Along with Class 10 Economics NCERT Solution, you can also refer to Class 10 Globalisation and The Indian Economy Revision Notes and Globalisation & The Indian Economy Important Questions.

Chapter 5: Consumer Rights

NCERT Solutions for Class 10 Economics Chapter 5 lays a strong foundation for understanding consumer rights and the importance of being informed and vigilant as a consumer.

• This chapter educates students about their rights and responsibilities in the marketplace.

• It covers various consumer protection laws and the mechanisms available for safeguarding consumer interests.

• The chapter explains how consumers can address grievances and the role of consumer courts.

• It emphasises the importance of consumer awareness and how informed choices impact the economy.

• This chapter highlights the need for ethical business practices and the role of vigilant consumers.

Important Topics Covered in Chapter 5: Consumer Rights

• Understanding Consumer Rights

• Consumer Protection Laws

• Mechanisms for Grievance Redressal

• Role of Consumer Courts

• Importance of Consumer Awareness

• Impact of Informed Consumer Choices

• Ethical Business Practices

• Consumer Vigilance and Responsibility

Along with Class 10 Economics NCERT Solution, you can also refer to Class 10 Consumer Rights Revision Notes and Consumer Rights Important Questions.

Benefits of Referring to Vedantu’s NCERT Solutions for Class 10 Economics

• Economic Class 10 provides clear and extensive explanations for each topic, allowing students to better understand the concepts.

• These solutions cover all important topics and questions from the textbook, which is helpful for thorough exam preparation.

• Problems are solved step-by-step, making it simple for students to learn and apply problem-solving techniques.

• Practising these solutions can help students improve their speed and accuracy, aiding in better time management during exams.

• The solutions help clear up any doubts students may have, ensuring a strong grasp of economic principles.

• Regular practice with Economic Class 10 solutions boosts students' confidence, making them well-prepared for their exams.

Economic Class 10 equips students with essential knowledge about economic principles and practices. Understanding consumer rights, various economic policies, and market dynamics helps students become informed citizens. The comprehensive study of these topics not only prepares students for exams but also lays a strong foundation for future economic studies and practical life applications. This subject is crucial for personal and professional growth.

Related Important Links for Class 6 Economics

Along with this, students can also download additional study materials provided by Vedantu for CBSE Class 10 Economics –