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NCERT Solution for Class 10 Social Science Chapter Understanding Economic Development - 2025-26

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Economics Class 10 NCERT Question Answers with Detailed Explanations

The NCERT Solutions for Class 10 Economics offers clear and detailed answers to all the questions in the textbook. These solutions help students straightforwardly understand important economic concepts. Understanding Economic Development is a crucial part of this subject which comprises five chapters covering the different aspects of the Indian economy, global rights, and consumer rights. This section is entirely based on economics and the terms related to the economic development of a country. In this subject, you will find several notions related to the economic development of a country and how it is calculated. 

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NCERT Solutions For Class 10 Social Science is also great for exam preparation, covering all key topics and questions from the textbook. Using CBSE Class 10 Social Science Syllabus, students can clear up doubts, reinforce their understanding, and build a strong base in economics. This resource is designed to improve performance, making it essential for any Class 10 students.


NCERT Solutions for Class 10 Economics Chapter-wise Links - Download the FREE PDF


Below is the pictorial representation of the Class 10 NCERT Economics Syllabus for better understanding.


NCERT Solutions for Class 10 Social Science


Quick Overview of NCERT Solutions Class 10 Economics

  • NCERT Economics Class 10 answers all chapters in the NCERT textbook, ensuring complete coverage.

  • NCERT Class 10 Economics solutions help students practice and evaluate their understanding of economic concepts, improving retention and clarity.

  • Each solution offers detailed explanations, including step-by-step methods and relevant examples, facilitating effective learning and revision.

  • This resource is essential for exam preparation, helping students build a strong foundation in economics and their confidence in tackling exam questions.

Chapter 1: Development

NCERT Solutions for Class 10 Economics Chapter 1 examines the concept of development and its societal importance. 


  • NCERT Economics Class 10 Chapter 1 Development introduces the concept of development, highlighting its economic, social, and environmental aspects.

  • It discusses various development indicators like income, health, and education, and their role in the growth of society.

  • This chapter compares developed, developing, and underdeveloped nations, explaining the reasons behind these differences.

  • It focuses on sustainable development, stressing the need to balance economic growth with environmental care.

  • Students will explore traditional and modern development approaches and the impact of policies and international organisations.


Important Topics Covered in Chapter 1: Development

  • Understanding Development

  • Different People, Different Goals

  • Income and Other Goals

  • National Development

  • Comparing Different Countries or States

  • Income and Other Criteria

  • Public Facilities

  • Sustainability of Development


Along with Class 10 Economics NCERT Solution, you can also refer to Class 10 Development Revision Notes and Development Important Questions.


Chapter 2: Sectors of The Indian Economy

NCERT Economics Class 10 Chapter 2 explores the primary, secondary, and tertiary sectors and their economic roles.


  • Chapter 1 Development explains the different sectors of the Indian economy and their roles.

  • It describes the primary, secondary, and tertiary sectors, detailing their functions and significance.

  • The chapter discusses how each sector contributes to the overall economy and employment.

  • It explores the concept of the organised and unorganised sectors, highlighting their differences.

  • This chapter also examines the changes in the importance of different sectors over time and their impact on economic development.


Important Topics Covered in Chapter 2: Sectors of The Indian Economy

  • Introduction to the Sectors of the Economy

  • Primary, Secondary, and Tertiary Sectors

  • Organised and Unorganised Sectors

  • Interdependence of Sectors

  • Role of Government in Different Sectors


Along with Class 10 Economics NCERT Solution, you can also refer to Class 10 Sectors of the Indian Economy Revision Notes and Sectors of the Indian Economy Important Questions.


Chapter 3: Money and Credit

NCERT Economics Class 10 Chapter 3 establishes the significance of money and credit, fostering an understanding of financial systems.


  • This chapter explains the role of money in everyday transactions and the need for a proper financial system.

  • It discusses the concepts of formal and informal credit, highlighting their differences and impacts on society.

  • The Money And Credit chapter covers the functioning of various financial institutions and their role in providing credit.

  • It explores the importance of credit in economic development and the issues related to credit accessibility.

  • This chapter emphasises the significance of responsible borrowing and lending practices for future financial stability.


Important Topics Covered in Chapter 3: Money and Credit

  • Evolution and Functions of Money

  • Formal and Informal Credit Sources

  • Role of Banks and Financial Institutions

  • Challenges in Credit Accessibility and Responsible Borrowing


Along with Class 10 Economics NCERT Solution, you can also refer to Class 10 Money And Credit Revision Notes and Money And Credit Important Questions.


Chapter 4: Globalisation and The Indian Economy

  • NCERT Economics Class 10 Chapter 4 explains the concept of globalisation and its impact on the Indian economy.

  • It discusses how globalisation has affected the agriculture, industry, and services sectors in India.

  • The chapter explores the benefits and challenges of globalisation for workers, consumers, and businesses.

  • It provides insights into the role of multinational corporations (MNCs) in the Indian market.

  • The chapter outlines the measures taken by the Indian government to promote globalisation and its importance for economic development.


Important Topics Covered in Chapter 4: Globalisation and The Indian Economy

  • Definition and Meaning of Globalisation

  • Factors Enabling Globalisation

  • Impact on Agriculture, Industry, and Services

  • Role of Multinational Corporations (MNCs)

  • Benefits and Challenges of Globalisation

  • Government Policies and Measures

  • Case Studies on Globalisation

  • Future Prospects for Globalisation in India


Along with Class 10 Economics NCERT Solution, you can also refer to Class 10 Globalisation and The Indian Economy Revision Notes and Globalisation & The Indian Economy Important Questions.


Chapter 5: Consumer Rights

NCERT Solutions for Class 10 Economics Chapter 5 lays a strong foundation for understanding consumer rights and the importance of being informed and vigilant as a consumer.


  • This chapter educates students about their rights and responsibilities in the marketplace.

  • It covers various consumer protection laws and the mechanisms available for safeguarding consumer interests.

  • The chapter explains how consumers can address grievances and the role of consumer courts.

  • It emphasises the importance of consumer awareness and how informed choices impact the economy.

  • This chapter highlights the need for ethical business practices and the role of vigilant consumers.


Important Topics Covered in Chapter 5: Consumer Rights

  • Understanding Consumer Rights

  • Consumer Protection Laws

  • Mechanisms for Grievance Redressal

  • Role of Consumer Courts

  • Importance of Consumer Awareness

  • Impact of Informed Consumer Choices

  • Ethical Business Practices

  • Consumer Vigilance and Responsibility


Along with Class 10 Economics NCERT Solution, you can also refer to Class 10 Consumer Rights Revision Notes and Consumer Rights Important Questions.


Benefits of Referring to Vedantu’s NCERT Solutions for Class 10 Economics

  • Economic Class 10 provides clear and extensive explanations for each topic, allowing students to better understand the concepts.

  • These solutions cover all important topics and questions from the textbook, which is helpful for thorough exam preparation.

  • Problems are solved step-by-step, making it simple for students to learn and apply problem-solving techniques.

  • Practising these solutions can help students improve their speed and accuracy, aiding in better time management during exams.

  • The solutions help clear up any doubts students may have, ensuring a strong grasp of economic principles.

  • Regular practice with Economic Class 10 solutions boosts students' confidence, making them well-prepared for their exams.


Economic Class 10 equips students with essential knowledge about economic principles and practices. Understanding consumer rights, various economic policies, and market dynamics helps students become informed citizens. The comprehensive study of these topics not only prepares students for exams but also lays a strong foundation for future economic studies and practical life applications. This subject is crucial for personal and professional growth.


Related Important Links for Class 6 Economics

Along with this, students can also download additional study materials provided by Vedantu for CBSE Class 10 Economics –


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FAQs on NCERT Solution for Class 10 Social Science Chapter Understanding Economic Development - 2025-26

1. Where can I find complete and accurate NCERT Solutions for all chapters of Class 10 Economics for the academic year 2025-26?

You can find comprehensive, chapter-wise NCERT Solutions for the Class 10 Economics textbook, 'Understanding Economic Development,' right here on this page. The solutions cover every question from all chapters, including Development, Sectors of the Indian Economy, Money and Credit, Globalisation and The Indian Economy, and Consumer Rights, all updated for the CBSE 2025-26 syllabus.

2. Do these NCERT Solutions cover both the in-text questions and the main exercise questions for each chapter?

Yes, the NCERT Solutions provided are exhaustive. They include detailed, step-by-step answers for both the in-text questions found within the chapter narrative and the questions listed in the main exercises at the end of each chapter. This ensures complete coverage of the entire NCERT textbook.

3. How does following the step-by-step method in these solutions help in the CBSE board exams?

Following the step-by-step methodology is crucial for board exams. It helps you:

  • Understand the logical flow of an answer, which is key for scoring well.
  • Secure partial marks for correctly executing intermediate steps, even if the final answer is incorrect.
  • Learn how to structure your answers clearly and concisely, aligning with the CBSE evaluation pattern and making them easy for examiners to assess.

4. Why is it better to understand the method in NCERT Solutions rather than just memorising the final answer?

Memorising answers is a limited strategy. Understanding the problem-solving method helps you build true conceptual clarity. This allows you to tackle any similar or twisted question (HOTS) in the exam, as you understand the underlying principles. It also ensures you can explain your reasoning, which is often required for higher-mark questions.

5. If I use these solutions, do I still need to read the 'Understanding Economic Development' textbook?

Absolutely. The NCERT textbook is essential for building your foundational knowledge and understanding the context behind the concepts. The solutions should be used as a verification and practice tool to check your work, understand the correct answering format, and clarify doubts after you have attempted the questions yourself. They supplement, but do not replace, the textbook.

6. How do these NCERT Solutions help clarify complex economic terms like 'sustainable development' or 'tertiary sector'?

The solutions don't just provide an answer; they often explain how to apply key concepts. For terms like tertiary sector, the answers to related questions will provide examples and context as given in the textbook, reinforcing your understanding. For concepts like sustainable development, the solutions frame the answer in a way that highlights its different dimensions (social, economic, environmental), helping you grasp the complete definition.

7. How do the NCERT Solutions help develop the skill of writing high-scoring answers for the Class 10 Social Science exam?

These solutions are crafted by subject matter experts to model the ideal answer structure. They teach you:

  • How to incorporate important keywords and definitions.
  • When to use bullet points for better readability.
  • How to frame a balanced conclusion.
By studying these patterns, you learn to write answers that are not just correct but also well-presented, which can help you score higher marks.

8. Are the solutions for a data-heavy chapter like 'Development' different from a concept-heavy one like 'Globalisation and the Indian Economy'?

Yes, the approach varies. For 'Development,' which involves comparing data like per capita income and literacy rates, the solutions focus on data interpretation and calculation. For a conceptual chapter like 'Globalisation,' the answers are structured to explain processes, causes, and effects, with a focus on building a logical argument supported by relevant examples from the text.