Class 11/Economics/Basic Concept of Economics and Allocation of Resources

The Note of Grade 11 “Economics” Chapter 1 “Basic Concept of Economics and Allocation of Resources” goes like this…..

Chapter Overview:

• Definition of Economics:
  Adam Smith’s Definition
  Alfred Marshall’s Definition
  Lionel Robbin’s Definition
• Concept of Positive and Normative Economics
• Concept of Microeconomics and Macroeconomics
• Types of Goods:
  Normal Goods
  Inferior Goods
  Giffen Goods
  Substitutes Goods
  Complementary Goods
  Private Goods
  Public Goods
  Economic Goods
  Free Goods

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Here are the link of other chapter’s notes of Economics-I.
1. Basic Concept of Economics and Allocation of Resources
2. Demand, Supply and Market Equilibrium
3. Elasticity of Demand and Supply
4. Consumer’s Behaviour
5. Theory of Production
6. Introduction to Macroeconomics
7. National Income Accounting
8.Money and Inflation
9. Economic Development, Growth and Capital Formation
10. Review of Nepalese Economy
11. Natural Resources of Nepal
12. Agriculture in Nepal
13. Manufacturing and Tourism Industry in Nepal
14. Transportation and Communication
15. Fundamental Concepts of Mathematics