This book is for first-year Arts students in Odisha. It follows the CHSE Odisha syllabus. The book explains basic economic concepts in simple English. It helps students understand how the economy works.

The book covers important topics li


ke demand, supply, production, and markets. It also talks about the role of the government in the economy. There are examples and exercises to make learning easier.

The language is easy to read and understand. It is useful for both self-study and classroom learning. Students can also use it for exam preparation. The PDF format makes it easy to access anytime.

Preface

It is our immense pleasure to bring out this Textbook on Economics for Higher Secondary students (Arts, Science and Commerce) on behalf of the Odisha State Bureau of Textbook Preparation and Production.

Part one of this Textbook is meant for Arts and Science students and part two is meant for Arts, Science and Commerce students. This book has been written in accordance with the latest syllabus of the CHSE, Odisha. 

All possible steps have been taken to make the book enlightening, meaningful, compact, complete and comprehensive. 

Relevant current statistical information have been incorporated in explaining various economic problems. The implications of various topics have been analysed with illustrations, tables and diagrams as extensively as possible. 

The subject matter has been presented in a simple, clear and intelligible manner. A brief summary of each topic has been incorporated at the end of each chapter. 

In view of the changes in question pattern of CHSE Examination, objective, very short, short and long answer type questions relating to each topic have also been given at the end of each chapter.

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