Economics is a social science subject that involves the understanding of production, distribution, consumption of goods and services and learning about their behavior and interactions of individuals, businesses, and government to allocate the resources.
The economic theory seeks to explain the production and consumption of goods. Economics is widely studied around the world as researchers seek to better understand the impact of certain policies on the economy. For example, this can include studying the effect of gas prices going up, the effect of people incurring larger debt, the effect of government health-care programs, and more. One of the most famous economic theories is Keynesian economic theory named after John Keynes who suggested that government monetary and fiscal policy could stimulate business and increase employment.
In ICSE Economics Class 10, scoring more marks is important. A good score will help students to choose Economics as a career stream. Extramarks provide study materials for ICSE Economics for Class 10 that require an in-depth understanding of topics. Study materials provided by Extramarks consists of revision notes, question banks, sample papers and past year papers which help students with revision and provide emphasis on the important topics. To enable better preparation, students can refer to their electronic textbook solutions that are available free of cost.
Taking a course in economics can help students understand a wide range of topics that drive economic policy and financial decision making. Learn about both macroeconomics and microeconomics. Study theories of economic growth, economic policy, economic development, socio-economic policy, risk management, debt sustainability, pricing models, and more. Click here to know more about ICSE Economics for Class 10.
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