CBSE Class 9 - Social Science - Economics NCERT Notes

The chapter introduces students to economics as a discipline dealing with efficient use of resources namely Land, Labour, Capital and Enterprise. Through examples and stories the chapter builds on types of economic activities with special focus on activities in a hypothetical village of Palampur.

The chapter highlights the challenges of poverty through case studies and the perspective through which poverty is viewed in the social sciences. Additionally, we will examine poverty patterns in India and the rest of the world and attempt to comprehend the concept of the poverty line. Additionally, we will study about the causes of poverty and the government's anti-poverty policies. The chapter concludes by expanding the official definition of poverty to include human poverty.

The chapter notes demonstrate how population can be an asset rather than a liability for the economy.   Human capital refers to the stock of ability and productive knowledge possessed by individuals. We will learn how to achieve demographic dividend by providing quality education, training and healthcare to India's youth. 

The chapter emphasises the critical nature of food security and the situation of those who are food insecure. Additionally, we learn about government initiatives aimed at addressing issues such as food insecurity. Students in Class 9 will gain an understanding of how our country addresses food insecurity by reading this chapter.