Chapter 1: Introduction
NCERT solutions for Economics - Statistics for Economics Class 11 Chapter 1 IntroductionExercise [Page 8]
Mark the following statements as true or false.
Statistics can only deal with quantitative data.
Statistics solve economic problems.
Statistics is of no use to Economics without data.
Make a list of activities in a bus stand or a market place. How many of them are economic activities?
‘The Government and policy makers use statistical data to formulate suitable policies of economic development’. Illustrate with two examples.
"You have unlimited wants and limited resources to satisfy them." Explain this statement by giving two examples.
How will you choose the wants to be satisfied?
What are your reasons for studying Economics?
Statistical methods are no substitute for common sense. Comment with examples from your daily life.
Chapter 1: Introduction
NCERT solutions for Economics - Statistics for Economics Class 11 chapter 1 - Introduction
NCERT solutions for Economics - Statistics for Economics Class 11 chapter 1 (Introduction) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the CBSE Economics - Statistics for Economics Class 11 solutions in a manner that help students grasp basic concepts better and faster.
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Concepts covered in Economics - Statistics for Economics Class 11 chapter 1 Introduction are What is Economics?, Meaning of Statistics for Economics, Scope of Statistics for Economics, Three Distinct Components of Economics, Functions of Statistics in Economics, Importance of Statistics in Economics, Limitations of Statistics, Why Economics?, Statistics in Economics, What is Statistics?, What Statistics Does?, Conclusion.
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