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Chapter 2: Sectors of the Indian Economy
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CBSE Class 10
Unit 4 Understanding Economic Development
Chapter 2: Sectors of the Indian Economy Notes
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Chapter 1: Development
The traditional notion of development;
National Income and Per capita Income.
Growth of National Income - critical appraisal of existing development indicators.
Human Development Indicators.
Different types of development
National Development
Criteria for development
Sustainable Development
Chapter 3: Money and Credit
Role of money in an economy:
Select one formal institution such as a nationalized commercial bank and a few informal institutions.
Local money lenders, landlords, chit funds and private finance companies.
money as a medium
Types of Money
Bank activities
Chapter 4: Globalisation and the Indian Economy
Production across countries,
Foreign trade and Interaction of Markets.
what is Globalization?
Factors, WTO, Impact, Fair Globalization.
Production across country
Foreign Trade
Globalisation
Factors related Globalisation
World Trade Organisation
Chapter 5: Consumer Rights
How consumer is exploited (one or two simple case studies) factors causing exploitation of consumers;
Rise of consumer awareness.
How a consumer should be in a market.
Role of government in consumer protection.
Market
Different rights
Right to justice
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