Chapter 8: Economic Choice and Resource Allocation Part 1: Introduction to Economics notes

Chapter 8: Economic Choice and Resource Allocation Part 1: Introduction to Economics Book: Understanding Society: India and Beyond (Class 9 NCERT 2026–27) Introduction Every day, people make many choices. We decide what to buy, what to eat, how to spend our time, and how to use money. However, our needs and wants are unlimited , while the resources available to satisfy them are limited . Because…