Recently Added Refrence Notes

National Examinations Board (NEB)

Meaning And Concept of National Income - Economics Notes Grade XI

Subject: Economics Grade XI

Meaning And Concept of National Income - Economics Notes Grade XI, Meaning of National Income, National Income is the sum of all incomes of the people of a country in a particular period of time. ...

Concepts of Scarcity And Choice - Economics Notes Grade XI

Subject: Economics Grade XI

Concepts of Scarcity And Choice - Economics Notes, Concepts of ScarcityScarcity refers to the condition of insufficiency where human beings are incapable to fulfill their wants in a sufficient manner. In other words, it is ...

Difference Between Positive and Normative Economics - Economics Notes Grade XI

Subject: Economics Grade XI

Difference Between Positive and Normative Economics - Economics Notes Grade XI Management. As we know that economics is a science and positive and normative economics are the two different aspects of economics. ...

Scope and Subject of Economics - Economics Notes Grade XI

Subject: Economics Grade XI

Scope and Subject of Economics - Economics Notes Grade XI. Scope of Economics. Scope of economics means the area covered by economics for its study. The scope of economics is largely determined by the definition ...

Comparison Between Marshall’s and Robbin’s Definitions of Economics - Economics Notes Grade XI

Subject: Economics Grade XI

Comparison Between Marshall’s and Robbin’s Definitions of Economics - Economics Notes Grade XI Management. According to Marshall, economics is a science of material welfare. His definition has focused on the role of mankind as well ...

Concept of Economics - Economics Notes Grade XI

Subject: Economics Grade XI

Concept of Economics - Economics Notes Grade XI Management. The word economics is derived from the Greek word ‘oeconomics’. In Greek “oeco” means household and “nomics” means study. So, literally, it is the study of ...

Robbin’s Definition of Economics - Economics Notes Grade XI

Subject: Economics Grade XI

Robbin’s Definition of Economics - Economics Notes Grade XI. The modern economist Lionel Robbins has highly criticized Marshall’s definition of economics. He gave the most scientific and logical definition of economics in his book (An ...

Marshall’s Definition of Economics - Economics Notes Grade XI

Subject: Economics Grade XI

Marshall’s Definition of Economics - Economics Notes Grade XI. Many economists have realized that there are serious mistakes in Adam Smith’s definition. His definition of economics made man selfish. People started thinking about economics as ...

Adam Smith’s Definition of Economics - Economics Notes Grade XI

Subject: Economics Grade XI

Adam Smith’s Definition of Economics - Economics Notes Grade XI. Adam Smith’s Definition. Classical economists like Adam Smith and his distinguished followers J.S. Mill, F.A. Walker, David Ricardo, etc. define economics as a science of ...

Application of Statistics in Economics - Economics Notes Grade XI

Subject: Economics Grade XI

Application of Statistics in Economics - Economics Notes Grade XI Management. Statistical aspect is one of the important aspects of quantitative analysis in economics. Economics statistics is a systematic body of knowledge concerned with the ...

Application of Mathematics in Economics - Economics Notes Grade XI

Subject: Economics Grade XI

Application of Mathematics in Economics - Economics Notes Grade XI Management. The use of mathematics in economics puts the literary form of economics theory into mathematical language. It provides a concrete form to economics laws ...

Difference between Microeconomics and Macroeconomics - Economics Notes Grade XI

Subject: Economics Grade XI

Difference between Microeconomics and Macroeconomics - Economics Notes Grade XI Management. Micro and macroeconomics, both are the branches of economics. On the one thing, microeconomics deals with individual facts, that is branches, flowers, leaf, etc. ...
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