Brand Logo
CBSE
Blog
News
Duel
Buy
CBSE
Class 10
Social Science

Understanding Economic Develop...

UE

Understanding Economic Development

A comprehensive guide to the fundamentals of economic development, tailored for CBSE students to understand the dynamics of growth, sustainability, and policy impacts.

Chapters from Understanding Economic Development

D

DEVELOPMENT

Development explores the concept of progress and improvement in various sectors, emphasizing sustainable and inclusive growth for societal well-being.

SO

SECTORS OF THE INDIAN ECONOMY

Explore the three sectors of the Indian economy - Primary, Secondary, and Tertiary, understanding their roles, challenges, and contributions to national development.

MA

MONEY AND CREDIT

Explore the concepts of money, its role in the economy, and the functioning of credit systems in this chapter.

GA

GLOBALISATION AND THE INDIAN ECONOMY

This chapter explores the impact of globalisation on the Indian economy, including trade, investment, and the integration of markets worldwide.

CR

CONSUMER RIGHTS

This chapter educates students about the rights and responsibilities of consumers, the importance of consumer awareness, and the mechanisms for consumer protection in India.

👫 Study With Friends

Join your classmates, challenge them in duels, and grow smarter together!

Edzy mobile app

Class X Social Science FAQs: Understanding Economic Development Key Questions & Answers

A curated list of 100+ exam-relevant FAQs from Understanding Economic Development (Class X NCERT) to help you prepare thoroughly for Class X exams.

Economic development refers to the improvement in the economic well-being and quality of life of a country's citizens. It is measured using indicators like Gross Domestic Product (GDP), literacy rate, and life expectancy. These indicators help in comparing the development levels of different countries.
GDP (Gross Domestic Product) measures the total value of goods and services produced within a country's borders in a specific time period. GNP (Gross National Product) includes the GDP plus income earned by residents from overseas investments minus income earned within the domestic economy by foreign residents. GNP provides a broader picture of a nation's economic performance.
The Indian economy is divided into three main sectors: primary (agriculture, mining), secondary (manufacturing, construction), and tertiary (services like education, banking). The contribution of each sector to GDP varies, with the tertiary sector being the largest contributor in recent years.
The PDS is a government-sponsored program that provides subsidized food and non-food items to the poor. Items like rice, wheat, and sugar are distributed through a network of Fair Price Shops. The system aims to ensure food security and stabilize prices of essential commodities.
HDI is a composite index that measures a country's average achievements in three basic aspects of human development: health (life expectancy), education (mean years of schooling), and standard of living (GNI per capita). It provides a broader measure of development than GDP alone.
Sustainable development meets the needs of the present without compromising the ability of future generations to meet their own needs. It balances economic growth with environmental protection and social equity. Examples include using renewable energy and promoting recycling.
Challenges include dependence on monsoon, small and fragmented land holdings, lack of modern technology, and inadequate storage facilities. These issues lead to low productivity and farmers' distress. Government initiatives like MSP and crop insurance aim to address these problems.
Globalization has led to increased trade, investment, and cultural exchange. It has benefited sectors like IT and manufacturing but also posed challenges like competition for local industries. The government has taken steps to protect domestic industries through policies and tariffs.
RBI regulates the monetary policy, controls inflation, and ensures financial stability. It acts as a banker to the government and banks, issues currency, and manages foreign exchange reserves. RBI's policies influence interest rates and money supply in the economy.
Disguised unemployment occurs when more people are employed than needed, without affecting productivity. For example, in agriculture, five people may be working on a farm where only three are needed. Removing the extra workers would not reduce output.
NREGA aims to provide at least 100 days of wage employment per year to rural households. It focuses on enhancing livelihood security and creating durable assets like roads and ponds. The act also promotes social inclusion by ensuring one-third of beneficiaries are women.
Education improves the quality of human resources, leading to higher productivity and innovation. It enables individuals to access better employment opportunities and contributes to social mobility. An educated workforce is crucial for the growth of knowledge-based industries.
The organized sector includes enterprises registered with the government, offering job security and benefits. The unorganized sector consists of small, unregistered businesses with low wages and no job security. Workers in the unorganized sector often lack social security benefits.
Infrastructure like roads, electricity, and telecommunications facilitates trade, reduces costs, and improves quality of life. It attracts investment and supports industrial growth. Efficient infrastructure is essential for the smooth functioning of an economy.
Causes include unemployment, low agricultural productivity, unequal distribution of resources, and social discrimination. Lack of education and healthcare also perpetuate poverty. Government programs aim to address these issues through employment generation and social welfare schemes.
The government provides subsidies, credit facilities, and tax benefits to small-scale industries. It also offers training and marketing support. These measures aim to boost employment and encourage entrepreneurship in the sector.
Inflation reduces the purchasing power of money, affecting savings and investment. It can lead to higher costs of living and uncertainty in the economy. However, moderate inflation is a sign of a growing economy, while hyperinflation can be detrimental.
Credit refers to the borrowing capacity of an individual or business, enabling them to make purchases or investments without immediate payment. It plays a crucial role in economic activities by facilitating trade and business expansion. However, excessive debt can lead to financial crises.
Foreign trade allows countries to specialize in producing goods where they have a comparative advantage. It provides access to a wider range of products and technologies. Trade also fosters international cooperation and economic growth.
The government implements schemes like the PDS, Mid-Day Meal Scheme, and National Food Security Act. These programs aim to provide affordable food to the poor and improve nutritional standards. Buffer stocks are maintained to stabilize prices during shortages.
Women contribute to economic development through participation in the workforce, entrepreneurship, and unpaid care work. Empowering women through education and equal opportunities can significantly boost economic growth. Gender equality is essential for sustainable development.

Class 10

Class 10 - English
First Flight (22 Chapters)|
Words and Expressions - II (9 Chapters)|
Foot Prints Without feet (9 Chapters)
Class 10 - Health and Physical Education
Health and Physical Education (13 Chapters)
Class 10 - Hindi
Kshitij - II (13 Chapters)|
Sparsh (14 Chapters)|
Sanchayan - II (3 Chapters)|
Kritika (3 Chapters)
Class 10 - Mathematics
Mathematics (14 Chapters)
Class 10 - Sanskrit
Vyakaranavithi (14 Chapters)|
Shemushi - II (12 Chapters)|
Abhyaswaan Bhav - II (14 Chapters)
Class 10 - Science
Science (13 Chapters)
Class 10 - Social Science
Understanding Economic Development (5 Chapters)|
Contemporary India (7 Chapters)|
India and the Contemporary World - II (5 Chapters)|
Democratic Politics (5 Chapters)
Class 10 - Urdu
Nawa-e-urdu (11 Chapters)

About Edzy - Gamified Learning Platform

Edzy is India's premier gamified AI tutor platform for CBSE and State Board students in classes 6-12. Our platform transforms traditional studying with AI-powered study plans, interactive practice sessions, and personalized learning pathways. Students using Edzy experience unmatched learning efficiency through our immersive educational environment that combines advanced technology with curriculum-aligned content.

Why Choose Edzy for CBSE and State Board Preparation

Edzy offers an adaptive AI educational experience tailored to each student's learning style and pace. We integrate gamification with proven educational strategies to create an engaging environment that students love. Our micro-content approach breaks down complex CBSE and State Board topics into manageable lessons, building confidence through mastery-based progression and real-time feedback.

CBSE and State Board Focus Areas

Edzy specializes in transforming online education for classes 6-12 with AI-powered tutoring. We provide comprehensive NCERT-aligned content and engaging lessons across Mathematics, Science, English, Social Studies, and IT. Our system helps students master fundamental concepts and excel in board exams through AI-generated study plans, personalized learning timelines, and dynamic practice sessions.

Edzy's Unique Approach to Online Learning

Unlike traditional online coaching platforms, Edzy converts CBSE and State Board syllabus content into interactive learning adventures. Our AI tutor provides timely assistance while adapting to student progress. The platform features instant feedback, gamified practice sessions, and achievement badges to motivate continuous learning and concept mastery.

Brand Logo

Edzy | Largest Online Learning Platform for Classes 6–12

Study smarter with Edzy – India’s leading gamified AI tutor for CBSE and State Boards. Designed for Classes 6–12, Edzy offers interactive lessons, AI-powered study plans, and rewarding practice tools for every subject.

Find us on Social Media

Links

About EdzyFAQsContact UsCBSE CoursesCBSE Class 10 Lessons

Parents & Teachers

Search EdzyParent DashboardCreator PlatformEducation BlogCBSE & NCERT News

Policies

Terms and ConditionsRefund PolicyPrivacy PolicyCookie Policy

© 2025 Edzy | Largest Online Learning Platform for Classes 6–12. All rights reserved.

Edzy is an AI tutor for CBSE and State Board students, offering interactive lessons and personalized learning for Classes 6–12.

SitemapAccessibility

Other books from "Class 10 - Social Science"

CI

Contemporary India

Contemporary India is a comprehensive textbook that explores the geographical, social, political, and economic aspects of modern India, designed for CBSE students to understand the country's diverse landscape and development challenges.

DP

Democratic Politics

A comprehensive guide to understanding the principles, practices, and challenges of democracy in India and around the world.

IC

India and the Contemporary World - II

Explore the significant events and transformations in India and the world during the 20th century with 'India and the Contemporary World - II', a comprehensive guide for CBSE students.