Looking for Class 11 Economics notes on Introduction to Microeconomics? This chapter covers Meaning of Economy and Economics, Three Economic Activities — Consumption, Production, Investment, Positive Economics vs Normative Economics — Meaning and Difference, Microeconomics vs Macroeconomics — Meaning and Difference, Reasons for Economic Problems — Scarcity, Unlimited Wants, Alternate Uses, Three Central Problems of an Economy — What, How and For Whom to Produce, Capital Intensive vs Labour Intensive Production, and Opportunity Cost — Meaning with Examples — explained step by step for CBSE Board Exam preparation. Anshita Jindal is a Class 12 Board Topper with 98.25% in Best Four subjects and a graduate of Shri Ram College of Commerce (SRCC), New Delhi — India's No. 1 Commerce College. She teaches Class 11 and 12 Economics and Business Studies at Vidyam. Watch the free video lecture, then download the complete notes for this chapter for just Rs. 9.
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