NCERT Solutions Class 12 Economics

NCERT Solutions for Class 12 Economics

NCERT Solutions of Class 12 Economics is a one-stop study material for students looking to understand the subject matter of Economics in great detail. The NCERT solutions for economics class 12 are developed by subject matter experts to provide easy, in-depth, and accurate material for students. It explains difficult concepts in a simplistic manner and briefly to make them easier to understand. Hence, it becomes easier for students to write in the exams.

NCERT Solutions for Economics by Extramarks help students develop a strong conceptual base, which later allows them to prepare successfully for competitive exams. The NCERT Economics book solution is the best guide for students looking to strengthen their basic and advanced subject concepts. That’s because we offer a step-by-step solution for all the questions in the book. The NCERT solutions of class 12 Economics is developed with the approach to precisely answer the textbook questions in an easy-to-understand manner.

Class 12 Economics NCERT Solutions – Free download

Explore the NCERT solutions for class 12 economics; download for free using one of the links provided below. We have segregated all the subject matter as per the chapter and topic wise. This way, it is easier for students to peruse the material. 

Moreover, if you have successfully completed NCERT solutions class 11, it is time to delve into NCERT solutions for Economics class 12 with our exhaustive subject material. The best part? Our subject matter, designed by experts, is divided into chapters. Hence, making it easier for you to navigate through the extensive material and retain useful knowledge.

NCERT Solutions for Class 12 Economics

The school’s final phase can be challenging. What makes it tougher is understanding the complicated concepts in the all-inclusive subject of Economics. It broadly covers topics associated with individuals and their economic issues, along with the behaviour of large-scale economic factors like that of national and government productivity. With Extramarks NCERT solutions for class 12 Economics, you can understand all the concepts in detail with solved questions and examples.

Class 12 Economics NCERT Solutions

Economics is an extremely practical subject. The subject matter deals with crucial day-to-day topics that are integral to society’s functioning. Economics is essentially a comprehensive study of distribution and production, along with the usage of products and services. The subject name Economics originates from the Greek word “eco”, which means home, and “nomos”, meaning accounts. 

If you are studying Economics, dive deep into the NCERT Solutions of Class 12 Economics, and follow the domain as a career path, you can find employment across business verticals. You can become a part of government positions, private organisations, banks, etc. After completing NCERT solutions for class 12 Economics, you can easily understand the cost of goods and services along with the initial cost of the resources that produce them. You’ll also have a brief understanding of the ways in which force and labour are combined and how sellers and buyers interact in society. 

All of these topics are covered and explained in detail in NCERT solutions class 12 for Economics. All your questions on the subject matter are also answered in our NCERT solutions for Economics class 12.

In this regard, after covering your NCERT book, it’s prudent to deep dive into the NCERT Solutions of Class 12 Economics that cover these aspects well. Moreover, by solving the NCERT solutions for class 12 Economics, students can get an overall idea of this subject and score well in the examination.

Let us Take a Look at the Chapters That Form a Part of Microeconomics:

  • Introduction to Microeconomics
  • Theory of Consumer Behaviour
  • Production and Costs
  • The Theory of Firm Under Perfect Competition
  • Market Competition
  • Non-Competitive Markets

The following are a Part of Macroeconomics:

  • Introduction to Macroeconomics
  • National Income Accounting
  • Money and Banking
  • Determination of Income and Employment
  • Government Budget and Economy
  • Open-Economy Macroeconomics

NCERT Economics Class 12: Chapter-wise Solution

Here’s a brief overview of the Class 12 Economics NCERT syllabus.

Part I

Chapter 1: Introduction to Economics

The NCERT solutions for economics class 12’s first chapter offers an introductory note on Economics and its allied concepts. This section includes the scope of Economics, reasons for economic problems, and more. The chapter also covers the concepts of micro and macroeconomics.

Chapter 2: Consumer Equilibrium

This chapter of NCERT solutions for class 12 economics comprise numerous concepts like a budget set, budget line, the downward sloping of the budget line, etc. This chapter also talks about marginal utility and utility.

Chapter 3: Demand

The Economics Class 12 NCERT syllabus’s third chapter includes multiple numerical problems and concepts such as the law of demand, market demand, change of demand, etc.

Chapter 4: Elasticity of Demand

Like the previous chapter, this section also briefly talks about topics, including inelastic demand, the elasticity of demand, and related sums.

Chapter 5: Production

The NCERT Solutions of Class 12 Economics fifth chapter extensively focuses on the total and average of the product of input, the production function, marginal product of input and other topics.

Chapter 6: Cost

From this chapter, students will get to learn about different types of cost like total cost, variable cost as well as cost function with proper explanation.

Chapter 7: Supply

This NCERT solutions chapter further explains how various aspects like technological progress, increased price of input impacts the supply curve of business organisations.

Chapter 8: Revenue

This chapter of the Economics NCERT syllabus for Class 12 CBSE will help students explore the various kinds of revenue and how that influences firms.

Chapter 9: Producer Equilibrium

The Class 12 Economics NCERT syllabus’s ninth chapter elaborates on how producer equilibrium is achieved via some effective measures like an MR/MC approach and more.

Chapter 10: Perfect Competition

The chapter comprises everything ranging from defining a good market and various forms of the market to homogeneous products in the NCERT Class 12 Economics syllabus.

Chapter 11: Non – Competitive Market

This eleventh chapter offers a comprehensive account of monopolistic competition, its association with zero profit and other similar concepts.

Chapter 12: Market Equilibrium and Simple Application

The last but not least chapter of the NCERT Economics Class 12 syllabus offers deep conceptual insights into the equilibrium price of a commodity. It also covers its representations through supply and demand graphs and many more.

Part II

Chapter 1: Introduction to Macroeconomics and Its Concepts

The Economics NCERT Class 12 Macroeconomics’ first chapter provides students with an account of the Great Depression of 1929, various features of a capitalist economy, and more.

Chapter 2: National Income and Related Aggregates

This NCERT 12 Economics chapter discusses multiple concepts such as planned and unplanned inventory accumulation, factor payment, etc.

Chapter 3: Money

The NCERT Solutions of Class 12 Economics’ third chapter deals with the significance of money and various other concepts like money supply, a Barter system, transaction demand and so on.

Chapter 4: Banking

This CBSE Class 12 Economics chapter emphasises the delimitation of money multipliers, functions of commercial banks, etc.

Chapter 5: Aggregate Demand and Its Related Concepts

In this CBSE Class 12 Economics chapter, topics like the consumption function, Aggregate demand and supply, etc., are covered.

Chapter 6: National Income Determination and Multiplier

In this next chapter of NCERT Class 12 Economics, students learn about Effective Demand, “Paradox of Thrift”, and several other numerical problems associated with these concepts.

Chapter 7: Excess Demand and Deficient Demand

This chapter encompasses several concepts like excess demand, full employment, inflationary gap, etc.

Chapter 8: Government Budget and Economy

This NCERT Class 12 Economics chapter helps students identify the difference between capital expenditure, fiscal deficit, revenue expenditure, etc.

Chapter 9: Foreign Exchange Rate

In this NCERT Class 12 Economics chapter, multiple aspects of foreign exchange, like its rates, system, risk, etc., are explained in detail.

Chapter 10: Balance of Payment

The Economics Class 12’s concluding chapter elaborates topics like visible and invisible items, the balance of trade, and other related ones.

Why Study NCERT Class 12 Economics Solutions?

Here are some of the many advantages of preparing with the NCERT Solutions of Class 12 Economics.

Correct and Descriptive Answers: The answers in NCERT solutions for Economics class 12 are written by subject experts who have been teaching or working in this domain for many years. Since they have extensive knowledge of the concepts in Economics, be it Microeconomics or Macroeconomics, their answers are 100% accurate for the exam. The answers strictly follow the NCERT plus two Economics syllabus; hence, the answers include only details relevant to the subject matter.

Cleared by Scholarly Experts and Teachers: The NCERT Solutions of Class 12 Economics include answers written, vetted, and verified by the subject matter experts. Therefore, they are written in a simplistic manner and are trustworthy. You can easily prepare for the exams by learning your answers here.

Simplified Explanation of Complicated Topics: The speciality of Extramarks is that all the answers in NCERT Solutions of Class 12 Economics are explained with a simple, eloquent, and descriptive approach. The answers include pointers along with crisp explanations. 

That’s why it is easy for students to understand the concepts while reading and remembering them during the exams. The NCERT solutions break down complex topics into simple language. Hence, students can rest assured that the material covers the entire course in a simplistic manner.

Using our Economics NCERT solutions class 12, students will explore a new way of answering both easy and complex questions. With time, students will have a firm grasp on how to break down complex topics into simple words and answer the questions in a lucid way.

The NCERT Solutions of Class 12 Economics are made available for students for free. Check out the NCERT solutions for class 12 Economics, download without any extra fee or payment with Extramarks. 

The NCERT Solutions of Class 12 Economics is also available for offline use. All you need to do is click on the link NCERT solutions for class 12 Economics download. Students can view the material on multiple devices, including phones, laptops, iPads, etc., offline, which increases the convenience for students. Students can also print out the material and read it accordingly if that method suits them.

Thus, by studying with NCERT Solutions of Class 12 Economics, students can prepare comprehensively for Economics and ace the examination with flying colours.

As you can see, there are so many benefits to downloading NCERT solutions for Economics class 12 and preparing for the exam with them. Now, nothing should stop you from downloading the solutions and getting started with your exam preparations. Head over straight to the Extramarks website and download the Economics NCERT solutions now!

FAQs (Frequently Asked Questions)
1. Are the NCERT Solutions of Class 12 Economics developed by experts?

Yes. The answers in the NCERT Solutions of Class 12 Economics are written and checked by subject matter experts, and they are accurate, to-the-point, and descriptive in nature.

2. Are the NCERT solutions for Economics class 12 available for students to use offline?

Yes. You can check out the NCERT solutions for class 12 Economics and download for offline usage. You can view it on your smartphone or desktop. The version is also printable.

3. Does the NCERT Class 12 Economics syllabus cover the topic of revenue?

Yes. The same chapter also dives into the various kinds of revenue and how that influences firms.

4. Can students easily understand the answers in NCERT solutions Economics?

The NCERT Solutions of Class 12 Economics offer a lucid way of writing answers. Both easy and complex concepts and questions are broken down into simplified language with easy-to-understand examples.

5. Does the NCERT Economics Class 12 syllabus cover Money and Banking?

Yes. The book covers money and banking in the second part, ‘Macroeconomics’.

6. Do we have to pay an extra fee to download the NCERT Solutions of Class 12 Economics?

No. The material is available free of cost. All you have to do is click on the link NCERT solutions for class 12 Economics and download.