Economics · Class 12 Commerce
Ch 1Economic Growth and Development — Class 12 Economics, concept-first.
Every economy is judged on two related but distinct yardsticks: how much bigger it has become, and how much better off its people actually are. The Andhra Pradesh Intermediate second-year Economics syllabus introduces this distinction early in the study of the Indian economy, because a country can register an impressiv…
Key concepts
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Economic Growth
A sustained, purely quantitative rise in an economy's real output (GDP/GNP) or real per capita income over time, usually expressed as a growth rate.
Most relevant Q&A
Chapter contents
The NCERT structure, section by section. Open a section to see its questions, then read the concept-first solution.
Meaning of Economic Growth and Economic Development
Every economy is judged on two related but distinct yardsticks: how much bigger it has become, and how much better off its people actually are.
Economic Growth and Economic Development – Points of Difference
Although the two ideas are related, the Andhra Pradesh Board of Intermediate Education's Economics course requires students to distinguish them clearly.
Indicators of Economic Development
Because development is multi-dimensional, economists use several indicators, ranging from a single income figure to composite indices that combine several welfare measures together.
Determinants of Economic Growth and Development
A country's pace of growth and development is shaped by a combination of economic and non-economic factors.
Features of an Underdeveloped Economy
Even though most countries, including India, are today more commonly described as "developing" rather than "underdeveloped," the Class 12 syllabus retains this classical set of features because they s…
Sample & Board Papers
Sample papers and previous-year board questions for this subject.
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- Q1Explain the features of developing countries with special reference to India.Preview
- Q2What are the causes for poverty in India?Preview
- Q3What are the different types of unemployment?Preview
- Q4Reasons for regional imbalances in India.Preview
- Q5India is a developing country. – Discuss.Preview
- Q6What are the causes for inequalities in the distribution of income and wealth?Preview
- Q7Explain the causes of Regional Imbalances in India.Preview
- Q8Economic development.Preview
- Q9Write a short note on: Science and TechnologyPreview
- Q10Explain the features of Developing countries with special reference to India.Preview
- Q11Define Poverty. What are the causes for poverty in India?Preview
- Q12Write about Mahatma Gandhi National Rural Employment Guarantee Scheme.Preview
- Q13Economic development.Preview
- Q14Science and Technology.Preview
- Q15India is a developing country - discuss.Preview
- Q16What are the causes for poverty in India?Preview
- Q17Explain the causes of regional imbalances in India.Preview
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- Q10Explain the meaning of economic growth and economic development, and distinguish between them.Free
- Q11Explain the various indicators used to measure economic development.Free
- Q12Explain the determinants of economic growth and development.Preview
- Q13Explain the characteristic features of an underdeveloped economy.Preview