Digieducation Learning Point

Consumer rights Class 10 economic notes Quick revision notes   Important Terms Adulteration : It is the practice of mixing bad substances in a good substance which is sold in the market. Agmark : It is implemented under the “Agricultural Produce Act 1937". It was amended in the year 1986 and it covers products like Honey, species, etc. Market Place: It is a place where buyers and sellers come together to exchange goods and services. COPRA: Consumer Protection Act, 1986. . Consumer: The person who uses goods and services for his self-consumption Customer: The person who buys goods and avails services from the market is called customer. Consumer Awareness: Consumer's consciousness towards their rights and the social and legal obligations of the business and the government towards consumers is known as consumer's awareness. ► Points to Remember Consumer protection means protection of consumers against wrong practices of sellers in the market. The rights which help the ...

  Money and credit Class 10 economic notes    Quick revision notes   Digieducation Important Terms Money : It means anything chosen by common consent as a medium of exchange. Credit : It refers to the activity of borrowing and lending money between two parties. Financial System : A system which deals with the management of public money collected from tax. . Banking : The activity of deposit, withdrawal of money and other related monetary activities. Credit Money : The money whose money value is greater than the commodity value of the material from which the money is made is known as credit money. Standard Money : The legal money, in which the government discharges its obligations is known as standard money. Points to Remember ✿Bank is an institution which accepts deposits from public for the purpose of lending and investment. ✿Indian monetary system is the system of managing demand and supply of money by the reserve bank of india is known as indian monetar...

  1. DEVELOPMENT Economics class 12 notes Digieducation... . # Important term.  * Development Growth of economy along with the improvement in the quality of life of the people like health, education etc. * Social development Growth of different sections of the society in a country. * Health State of complete physical,mental and social soundness. * Education Awareness of the society regarding the laws of the land. * Sex ratio Percentage of female population per thousand males in a country. >Point to remember * The rate at which children in a country die within an age of 0-1 year know as infant mortality rate. *Net attendance ratio total number of children of age group 6-10 attending school as a percentage of total number in the same age group known as net attendance rate. *Level of under- nourished adults in an economy are known as body mass index. *Resources created by man like , roads, bridge, plants and machinery etc. are man-made resources. * The resources provided by th...