Detailed notes of Micro economic chapter 1 class 11
This chapter explains the basic concepts of micro economics, focusing on individual economic units like consumers and producers. It covers key ideas such as scarcity, choice, opportunity cost, central problems of an economy, factors of production, utility, and production possibility curve. The chapter builds a strong foundation for understanding how resources are allocated at the micro level and is essential for exam preparation.
Original price was: ₹40.00.₹34.00Current price is: ₹34.00.
Payment Methods:
Description
The chapter covers all fundamental concepts such as meaning of economics, micro economics, scarcity, choice, central problems of an economy, factors of production, utility, opportunity cost, production possibility curve (PPC), and types of goods. Definitions are written in exam-oriented format, with proper headings, examples, and tables to help students score better.
Additional information
| NOTES | PDF (E-BOOK) |
|---|
Vendor Information
- Store Name: Priyanshu Study Point
- Vendor: Priyanshu Study Point
-
Address:
212-A New layal pur colony som bazar chowk
Chander Nagar Krishna Nagar Delhi
Delhi 110051
Delhi
Assertion Reasoning MCQ with answer for Micro economics ch 1 class 11
Original price was: ₹50.00.₹40.00Current price is: ₹40.00.Assertion–Reasoning is a type of question where two statements are given:
-
Assertion (A): a statement or fact
-
Reason (R): an explanation related to the assertion
You have to check whether A is true or false, R is true or false, and whether R correctly explains A.
It’s commonly used in exams to test concept clarity and logical understanding, not just memorization.
MCQ Questions with answe for Micro economics ch 1 class 11
Original price was: ₹50.00.₹40.00Current price is: ₹40.00.This chapter introduces the basic concepts of microeconomics, which studies the economic behavior of individual units such as consumers, producers, firms, and markets. It explains fundamental ideas like scarcity, choice, opportunity cost, and the difference between microeconomics and macroeconomics. The chapter also helps students understand how resources are allocated and how prices are determined at the individual level.
