Class 11 Economics Revision Notes
Introduction to Statistics Notes
Introduction to Statistics — Notes Meaning and scope Statistics is the study of the collection, organisation, presentation, analysis and interpretation of numerical data. In econo…
Organisation and Presentation of Data Notes
Organisation and Presentation of Data — Notes Collection and classification Data is collected from primary (first hand) or secondary (already published) sources, then classified (…
Measures of Central Tendency Notes
Measures of Central Tendency — Notes A measure of central tendency is a single value that represents the whole data set. The three averages Arithmetic Mean (affected by extreme va…
Measures of Dispersion Notes
Measures of Dispersion — Notes Dispersion measures how spread out the data is around an average. Measures Range = highest − lowest. Quartile deviation (semi interquartile range).…
Correlation and Index Numbers Notes
Correlation and Index Numbers — Notes Correlation Correlation measures the relationship between two variables. It can be positive/negative , linear/non linear , simple/multiple .…
Indian Economy on the Eve of Independence Notes
Indian Economy on the Eve of Independence — Notes State of the colonial economy Under British rule the Indian economy was stagnant and backward , serving as a supplier of raw mate…
Indian Economy 1950–1990 Notes
Indian Economy 1950–1990 — Notes Planning and goals After independence India adopted five year plans with goals of growth, equity, modernisation and self reliance. Sectoral polici…
Liberalisation, Privatisation and Globalisation Notes
Liberalisation, Privatisation and Globalisation — Notes Background A balance of payments crisis in 1991 led to economic reforms (the New Economic Policy ). The reforms (LPG) Liber…
Rural Development and Employment Notes
Rural Development and Employment — Notes Rural development Rural development focuses on credit and marketing , agricultural diversification , infrastructure and the development of…