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11 ECO 01 Introduction

Key Notes class-11 Economics 01 Introduction it includes revision notes such as Economics is a science that studies human behavior which aims at allocation of scarce resources in such a way that consumer can maximise their satisfaction, producers can maximise their profits and society can maximise its social welfare. It is about making choice in the presence of scarcity.

11 ECO 02 Collection of data

Key Notes class-11 Economics 02 Collection of data it includes revision notes such as Data is a tool which helps in reaching a sound conclusion by providing information therefore. For statistical investigation, collection of data is the first and foremost.

11 ECO 03 Organization of data

Key Notes class-11 Economics 03 Organization of data it includes revision notes such as Organization of data refers to the systematic arrangement of collected figures (raw data), so that the data becomes easy to understand and more convenient for further statistical treatment.

11 ECO 04 Presentation of data

Key Notes class-11 Economics 04 Presentation of data it includes revision notes such as The presentation of data means exhibition of data in such a clear and attractive manner that these can be easily understood and analysed.

11 ECO 05 Measures of central Tendency

Key Notes class-11 Economics 05 Measures of central Tendency it includes revision notes such as A central tendency is a single figure that represents the whole mass of data. Arithmetic mean or mean is the number which is obtained by adding the values of all the items of a series and dividing the total by the number of items.

11 ECO 06 Measures of Dispersion

Key Notes class-11 Economics 06 Measures of Dispersion it includes revision notes such as Dispersion is a measure of the variation of the items from central value. The measures of dispersion is important to compare uniformity, consistency and reliability amongst variables / series.

11 ECO 07 Correlation

Key Notes class-11 Economics 07 Correlation it includes revision notes such as Correlation is a statistical tool which studies the relationship between two variables e.g. change in price leads to change in quantity demanded. Correlation studies and measures the direction and intensity of relationship among variables. It measures co-variation not causation. It does not imply cause and effect relation.

11 ECO 08 Introduction to index number

Key Notes class-11 Economics 08 Introduction to index number it includes revision notes such as An index number is a statistical device for measuring changes in the magnitude of a group of related variables.

11 ECO 09 Indian Economy on eve Independence

Key Notes class-11 Economics 09 Indian Economy on the eve of Independence it includes revision notes such as Economy of a country includes all production, distribution or economic activities that relate with people and determines the standard of living. On the eve of independence Indian economy was in very bad shape due to the presence of British colonial rule.

11 ECO 10 Indian Economy(1950 90)

Key Notes class-11 Economics 10 Indian Economy(1950 90) it includes revision notes such as  Means utilisation of country’s resources in different development activities in accordance with national priorities.

11 ECO 11 Economic Reforms Since 1991

Key Notes class-11 Economics 11 Economic Reforms Since 1991 it includes revision notes such as Economic reforms or structural adjustment is a long term multi dimensional package of various policies (Liberalisation, privatisation and globalisation) and programme for the speedy growth, efficiency in production and make a competitive environment. Economic reforms were adopted by Indian Govt. in 1991.

11 ECO 12 Poverty

Key Notes class-11 Economics 12 Poverty it includes revision notes such as Poverty is the inability to fulfill the minimum requirement of life like food, clothing, housing education and health facilities etc.

11 ECO 13 Human Capital Formation in india

Key Notes class-11 Economics 13 Human Capital Formation in india it includes revision notes such as Human capital refers to the stock of skill, ability, expertise, education and knowledge in a nation at a point of time. Physical capital refers to assets which themselves have been manufactured and are used for production of other goods and services.

11 ECO 14 Rural Development

Key Notes class-11 Economics 14 Rural Development it includes revision notes such as Rural development is a comprehensive term which essentially focuses on action for the development of area which is lagging behind in overall development of village economy.

11 ECO 15 Employment Growth Informalisation

Key Notes class-11 Economics 15 Employment Growth Informalisation and other issues it includes revision notes such as 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.

11 ECO 16 Inflation Problem and Policies

Key Notes class-11 Economics 16 Inflation Problem and Policies it includes revision notes such as By inflation in ordinary language, we mean a process of rising prices. Inflation is a situation of persistent and appreciable rise in prices, leading to fall in purchasing power of money. A chief measure of price inflation is the inflation rate. It is the annualised percentage change in a general price index over time.

11 ECO 17 Infrastructure

Key Notes class-11 Economics 17 Infrastructure it includes revision notes such as Infrastructure refers to all such services and facilities, which are needed to provide different kinds of services in an economy and which are essential in raising the place of economic growth of a country.

11 ECO 18 Environment and sustainable Development

Key Notes class-11 Economics 18 Environment and sustainable Development it includes revision notes such as  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.

11 ECO 19 Development experience of india

Key Notes class-11 Economics 19 Development experience of india it includes revision notes such as All the three countries started their development path at the same time. India and Pakistan got independence in 1947 and people’s Republic of China was established in 1949. All the three countries had started planning their development strategies in similar ways. India announced its First Five Year Plan in 1951, Pakistan announced in 1956 and China in 1953.

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