Comparison of objectives of teaching economics in secondary and higher secondary level in cbse board
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Economics
Explanation:
- The study of how societies and people allocate resources is called economics. Everything from water to biscuits to i pods to cars is finite and it is impossible for everyone to have everything.
- So, economics is the study of how people get what they want and how these things get distributed in the society. While teaching economics the main objective is to make students understand such concepts from different perspectives.
- Macroeconomics and microeconomics are two parts of economics. The purpose of teaching microeconomics is to teach students about how people make choices at household or individual level and how it affects the market. While macroeconomics makes people understand economic activities at a larger scale, rather than the effects of various decisions made by individuals.
- Learn More:
What is the laws of supply and demand?
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