This is only for Sample
for Full Book Order online and Available at all Leading Bookstores
Namma Kalvi
www.nammakalvi.in
Higher Secondary Second Year
m
ECONOMICS
co
s.
Based on the New Syllabus and
ok
New Textbook for the year 2019-20
o
ab
Salient Features
Exhaustive Additional MCQs, VSA, SA, LA questions with answers are given in each
chapter.
ur
All the objective type (1 Mark) questions, are given with 4 options.
(i) Choosing the correct option
.s
(ii) Matching
(iii) True or False
(iv) Correctly Matched
w
(v) Not Correctly Matched
(vi) Assertion & Reason
w
(vii) Picking the Odd one Out
w
SURA PUBLICATIONS
Chennai
PH: / 8124301000
, This is only for Sample
for Full Book Order online and Available at all Leading Bookstores
1
Chapter
Introduction to
Macro Economics
m
co
s.
CHAPTER SNAPSHOT
o ok
ab
1.1 Introduction 1.8 Concepts of Macro Economics
1.2 Meaning of Macro Economics 1.8.1 Stock and flow variables
1.3 Importance of Macro Economics 1.9 Circular flow of Income
1.4 Scope of Macro Economics 1.9.1 Circular flow of income in a Two
ur
1.5 Limitations Sector Economy
1.6 Economy and its Types 1.9.2 Circular flow of Income in a Three
1.7 Economic Systems Sector Economy
1.7.1 Capitalistic Economy (Capitalism) 1.9.3 Circular flow of Income in a Four
.s
1.7.2 Socialistic Economy (Socialism) Sector Economy
1.7.3 Mixed Economy (Mixedism)
w
w
w
[1]
PH: / 8124301000
, w
w Concept Map
Scope of Macro
w Importance of Meaning of
Introduction
Economics Macro Economics Macro Economics
.s
This is only for Sample
Economic INTRODUCTION TO Limitations of
Systems Macro Economics
Sura’s - XII Std - Economics
MACRO ECONOMICS
ur
2
Capitalistic
Economy
ab
Concept of Macro
Economics Circular Flow of Income
o
Socialistic
Economy
Circular Flow of Income in a
Stock and flow Two Sector Economy
ok
variables
Mixed
Economy Circular Flow of Income in a
Three sector Economy
s.
for Full Book Order online and Available at all Leading Bookstores
Circular Flow of Income in a
PH: / 8124301000
Four sector Economy
co
Chapter 1
m
, This is only for Sample
for Full Book Order online and Available at all Leading Bookstores
Introduction to Macro Economics Sura’s - XII Std - Economics
Important Terms
Macro Economics : Macro Economics deals with aggregates such as national, income, employment
m
and output.
Business Cycle : All the economies face the problem of business fluctuations and business cycle.
co
Economic Systems : Economic system refers to the manner in which individuals and institutions are
connected together to carry out economic activities in a particular area.
Globalism : Globalisation that connects nations together through international trade and
aiming at global development.
s.
Capitalistic : Capitalist economy is where the role of the government is minimum and market
Economy / Market determines the economic activities.
ok
Economy / Free
Trade Economy
Socialistic Economy : Socialism refers to system of total planning, public ownership and state control
/ Command on economic activities.
o
Economy / Socialism
Mixed Economy / : In a mixed economy system both private and public sectors co-exist and work
ab
Mixedism together towards economic development.
Economic Model : A model is a simplified representation of real situation.
Circular flow of : The circular flow of income is a model of an economy showing connections
ur
Income between different sectors of an economy.
Stock : A quantity of a commodity that is constant at a point of time.
Definitions
.s
w
Macro Economics : According to - Dorn Busch, Fischer and Startz “ Macro Economics is very much
about tying together facts and theories”.
w
Economy : The term economy has been defined by A.J. Brown as, “A system by which
people earn their living”.
w
J.R. Hicks : J.R. Hicks defined as, “An economy is a cooperation of producers and workers to
Definition of make goods and services that satisfy the wants of the consumers”.
Economy
Capitalistic : According to “Adam Smith” capitalistic economy is also termed as a free economy
Economy (Laissez Faire, in Latin) or market economy where the role of government is
minimum and market determines the economic activities.
3
PH: / 8124301000
for Full Book Order online and Available at all Leading Bookstores
Namma Kalvi
www.nammakalvi.in
Higher Secondary Second Year
m
ECONOMICS
co
s.
Based on the New Syllabus and
ok
New Textbook for the year 2019-20
o
ab
Salient Features
Exhaustive Additional MCQs, VSA, SA, LA questions with answers are given in each
chapter.
ur
All the objective type (1 Mark) questions, are given with 4 options.
(i) Choosing the correct option
.s
(ii) Matching
(iii) True or False
(iv) Correctly Matched
w
(v) Not Correctly Matched
(vi) Assertion & Reason
w
(vii) Picking the Odd one Out
w
SURA PUBLICATIONS
Chennai
PH: / 8124301000
, This is only for Sample
for Full Book Order online and Available at all Leading Bookstores
1
Chapter
Introduction to
Macro Economics
m
co
s.
CHAPTER SNAPSHOT
o ok
ab
1.1 Introduction 1.8 Concepts of Macro Economics
1.2 Meaning of Macro Economics 1.8.1 Stock and flow variables
1.3 Importance of Macro Economics 1.9 Circular flow of Income
1.4 Scope of Macro Economics 1.9.1 Circular flow of income in a Two
ur
1.5 Limitations Sector Economy
1.6 Economy and its Types 1.9.2 Circular flow of Income in a Three
1.7 Economic Systems Sector Economy
1.7.1 Capitalistic Economy (Capitalism) 1.9.3 Circular flow of Income in a Four
.s
1.7.2 Socialistic Economy (Socialism) Sector Economy
1.7.3 Mixed Economy (Mixedism)
w
w
w
[1]
PH: / 8124301000
, w
w Concept Map
Scope of Macro
w Importance of Meaning of
Introduction
Economics Macro Economics Macro Economics
.s
This is only for Sample
Economic INTRODUCTION TO Limitations of
Systems Macro Economics
Sura’s - XII Std - Economics
MACRO ECONOMICS
ur
2
Capitalistic
Economy
ab
Concept of Macro
Economics Circular Flow of Income
o
Socialistic
Economy
Circular Flow of Income in a
Stock and flow Two Sector Economy
ok
variables
Mixed
Economy Circular Flow of Income in a
Three sector Economy
s.
for Full Book Order online and Available at all Leading Bookstores
Circular Flow of Income in a
PH: / 8124301000
Four sector Economy
co
Chapter 1
m
, This is only for Sample
for Full Book Order online and Available at all Leading Bookstores
Introduction to Macro Economics Sura’s - XII Std - Economics
Important Terms
Macro Economics : Macro Economics deals with aggregates such as national, income, employment
m
and output.
Business Cycle : All the economies face the problem of business fluctuations and business cycle.
co
Economic Systems : Economic system refers to the manner in which individuals and institutions are
connected together to carry out economic activities in a particular area.
Globalism : Globalisation that connects nations together through international trade and
aiming at global development.
s.
Capitalistic : Capitalist economy is where the role of the government is minimum and market
Economy / Market determines the economic activities.
ok
Economy / Free
Trade Economy
Socialistic Economy : Socialism refers to system of total planning, public ownership and state control
/ Command on economic activities.
o
Economy / Socialism
Mixed Economy / : In a mixed economy system both private and public sectors co-exist and work
ab
Mixedism together towards economic development.
Economic Model : A model is a simplified representation of real situation.
Circular flow of : The circular flow of income is a model of an economy showing connections
ur
Income between different sectors of an economy.
Stock : A quantity of a commodity that is constant at a point of time.
Definitions
.s
w
Macro Economics : According to - Dorn Busch, Fischer and Startz “ Macro Economics is very much
about tying together facts and theories”.
w
Economy : The term economy has been defined by A.J. Brown as, “A system by which
people earn their living”.
w
J.R. Hicks : J.R. Hicks defined as, “An economy is a cooperation of producers and workers to
Definition of make goods and services that satisfy the wants of the consumers”.
Economy
Capitalistic : According to “Adam Smith” capitalistic economy is also termed as a free economy
Economy (Laissez Faire, in Latin) or market economy where the role of government is
minimum and market determines the economic activities.
3
PH: / 8124301000
