12th Economics Notes

Dedicated to catering to the needs of CBSE students of 12th Class for the subject Economics.

Indian Economy on the eve of independence Notes Class 12 Free PDF

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We can say that Britishers made India a colonial (British Rule over India), Semi Feudal (Zamindars), stagnant (2% GDP & 0.5 per capita growth), backward (low productivity & high literacy), depleted (rapid depreciation of physical assets) and an amputated (partition) economy. However, it laid foundation for modern education system, industries, transportation, communication system and administrative set-up.

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Stock and Flow concepts in Economics-Free Notes Class 12

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Stock and Flow are two most important concepts in Economics. Some of the Macro Economics variables relate to stock concept while other variables relate to flow concept. However, here we will see how we identity such variables as stock and flow. Firstly, we have to define what stock is and what flow is. Definition of

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stock and flow

Definition of GDP-Class 12 Economics

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Introduction Gross Domestic Product (GDP) is one of the most important concept in Economics. This concept is such a popular concept that even laymen people also use it in their conversation even without knowing its exact meaning. However, for a student of economics, definition of GDP is a must know thing. They must know the

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