Economics and Economy Notes PDF — CBSE Class 11

Economics and Economy introduces scarcity, choice and the allocation of limited resources. These notes establish the basic language of microeconomics and explain how economic activities and different types of economies are organised.

Important topics covered

• Meaning and scope of economics
• Scarcity, choice and opportunity cost
• Economic and non-economic activities
• Microeconomics and macroeconomics
• Market, planned and mixed economies

Exam-focused revision checklist

1. Use scarcity and alternative uses when explaining an economic problem.
2. Differentiate positive and normative ideas where applicable.
3. Support types of economies with simple examples.

View or download the free Economics and Economy PDF.

Frequently asked questions

Are these notes free?

Yes. The complete PDF is free to view online and download.

Who prepared these notes?

These CBSE Commerce revision notes are published by Smit Sir Commerce.