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Class notes Commerce CBSE New Pattern Economics Class 12 for 2021-22 Exam (MCQs based book for Term 1)

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Economics is a social science that studies how individuals, businesses, and governments make choices under conditions of scarcity, aiming to allocate resources efficiently and maximize well-being. It examines the production, distribution, and consumption of goods and services, and how these processes interact to shape economic outcomes. Economics is also concerned with understanding how incentives and behaviors influence economic decisions.

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Publisher: 2021 ISBN: 9789325793286 Edition: Unknown

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June 8, 2025
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