Cb Sachdeva Class 12 Economics Pdf Download.pdf Economics is the social science of how individuals, households, firms and industries make decisions to allocate limited resources. This article is about Cb Sachdeva for class 12th. Cb Sachdeva's books for class 12 Economics are famous among competitive exams aspirants in India. The previous year question papers by him are used by all the CA coaching centres in India as well as most of the undergraduate programmes in India including CA/ICWA/MBA/BCA etc. Cb Sachdeva's books are also popular with the UGC-NET preparation exams with many universities also using it to prepare students appearing for NET examinations in all subjects. His books are also used by many educational institutions for admissions and many of them have even advertised these books as the best books to prepare students for the entrance examinations. His subjects covered in his Economics class – 12th – are – Let us see some of these topics/topics in detail. Tariff is a tax on a price of a product or a service paid by a Consumer at the point he buys it from a Producer. It is levied to some extent on every product, service or commodity produced and sold in any country. Each country sets its own tariff rates that it applies to products coming from other countries. The idea of tariff is simple: the nation which has a better or cheaper product and can force its producer to give it a higher price. Tariffs are usually applied in countries having an advanced economy. Some economics students also use this example to relate the same with India and China. Rather than getting into an argument about the validity of the above example, let us understand (why) this is happening in two different countries, namely India and China. Indian Economy is not self-sufficient; it imports nearly 60% of its basic commodities like oil, steel, fertilizer etc. Indian government has also imposed the limits on the nuclear fuel. So, due to these restrictions they are dependent on other countries like USA, Russia etc. Also, Indian Economy is still having a slow growth rate (3-4% per year). To make India self-sufficient in these areas they must develop their own industries and make it self-sufficient rather than depending on other countries/nations. But the problem with that is that all the necessary technology for developing heavy industries in India is not available here in India. For example: Suppose we want to produce something in India which needs high quality steel with high quality oil/oil products in tons and tons quantities. If we can do it in India, it will save the Government a lot of money. Also, if we produce them here, then no one can easily attack us from any other country or even from within our own country. Unlike China where they have a huge capacity for producing steel and steel products in large quantities. In order to save ourselves from this attack from other countries and other people, we too need to invest heavily in this area and set up industries wherein we can produce these products at a good rate and bring them to international markets so that we can export them and sell them for higher profits and gain more revenue than investing in steel which puts us at risk of losing tons of money as people try to manufacture tanks, missiles etc.
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