JPH NIOS Guide of Economics for Class 12 (Code 318)

Economics is the study of production and consumption of goods and transfer of wealth to produce and obtain those goods. The book lays emphasis on the process of economics and its various aspects including liberalization, globalization, privatization and the emerging trends in economy. Economics is an essential subject to understand the economy of a country. Obviously, it helps in understanding the reason for the rise and downfall of a country's economy.