• AglaSem
  • Schools
  • Admission
  • Career
  • News
  • Hindi
  • Mock Test
  • Docs
  • ATSE
aglasem
No Result
View All Result
aglasem
No Result
View All Result
aglasem
No Result
View All Result

Home » 12th Class » CBSE Notes Class 12 Economics Non Competitive Markets

CBSE Notes Class 12 Economics Non Competitive Markets

by aglasem
March 14, 2023
in 12th Class

Class 12 Economics : Microeconomics – Non Competitive Markets – Get here the Notes for Class 12 Economics : Microeconomics – Non Competitive Markets. Candidates who are ambitious to qualify the Class 12 with good score can check this article for Notes. This is possible only when you have the best CBSE Class 12 Economics Notes, study material, and a smart preparation plan. CBSE 2019 Class 12th Exam is approaching and candidates will have to make the best use of the time available towards the last stage of your CBSE Class 12th Economics Preparation. To help you with that, below we have provided the Notes of 12 Economics for topic Microeconomics – Non Competitive Markets.

  • Class: 12th
  • Subject: Economics 
  • Topic: Microeconomics – Non Competitive Markets
  • Resource: Notes

CBSE Notes Class 12 Economics Non Competitive Markets

Candidates who are pursuing in Class 12 are advised to revise the notes from this post. With the help of Notes, candidates can plan their Strategy for particular weaker section of the subject and study hard. So, go ahead and check the Important Notes for Class 12 Economics : Microeconomics – Non Competitive Markets.

Non Competitive Markets

1. Market It refers to a mechanism or an arrangement that facilitates contact between the buyers and sellers for the sale and purchase of goods and services.

2. Monopoly It is a form of the market in which there is a single seller of a product with no close substitutes. Example- Railways in India are a monopoly industry of the Government of India.

3. Features of Monopoly
(i) One seller and large number of buyers
(ii) Restrictions the entry of now firms
(iii) No, close substitutes
(iv) Full control over price
(v) price discrinlination

4. Price Maker A monopolist is a price maker. It means that he can fix whatever price he wishes to fix for his product.

5. How does a Monopoly Market Structure Arise?
(1)Government licensing
(ii) Patent rights
(iii) Cartels
(iv) Natural occurrence
6. Monopolistic Competition it is a form of the market in which there are many sellers of the product but the product of each seller is some what different from that of the other.

7. Features of Monopolistic Competition
(i) Large number of buyers and sellers
(ii) Product differentiation
(iii) Freedom of entry and exit of firm
(iv) Selling cost
(v) Less mobility
(vi) Lack of perfect knowledge
(vii) Non-price competition
(viii) More can be sold at lower price

8. Oligopoly It is a form of the market in which there are a few big sellers of a commodity and a large number of buyers. Each seller has a significant share of the market.

9. Features of Oligopoly
(i) A few firms
(ii) Large number of buyer
(iii) Entry barriers
(iv) High degree of intercl(·pcncicncc
(v) Not possible to determine firm’s demand curve
(vi) Formation of cartels
(vii) Non-price competition

10. Firm’s demand curve is indeterminate under oligopoly because there is a high degree of interdependence between the firm,

11. Shape of demand curve under different market
(i) It slops downwards under monopoly. Hut it is not, very elastic.
(ii) It, slops downwards under monopolistic competition. But It is relatively more elastic.
(iii) It is indeterminate tinder oligopoly.

Class 12 Key Points, Important Questions & Practice Papers

Hope these notes helped you in your schools exam preparation. Candidates can also check out the Key Points, Important Questions & Practice Papers for various Subjects for Class 12 in both Hindi and English language form the link below.

Class 12 Physics कक्षा 12 व्यावसायिक अध्ययन
Class 12 Chemistryकक्षा 12 समाज शास्त्र
Class 12 Maths कक्षा 12 अर्थशास्त्र
Class 12 Biology कक्षा 12 भूगोल
Class 12 Business Studies
Class 12 Economics
Class 12 Sociology

Class 12 NCERT Solutions

Candidates who are studying in Class 12 can also check Class 12 NCERT Solutions from here. This will help the candidates to know the solutions for all subjects covered in Class 12th. Candidates can click on the subject wise link to get the same. Class 12 Chapter-wise, detailed solutions to the questions of the NCERT textbooks are provided with the objective of helping students compare their answers with the sample answers.

  • Hindi
  • Physics
  • Chemistry
  • Biology
  • Maths
  • Business Studies

Class 12 Mock Test / Practice

Mock test are the practice test or you can say the blue print of the main exam. Before appearing in the main examination, candidates must try mock test as it helps the students learn from their mistakes. With the help of Class 12 Mock Test / Practice, candidates can also get an idea about the pattern and marking scheme of that examination. For the sake of the candidates we are providing Class 12 Mock Test / Practice links below.

  • Maths
  • Physics
  • Chemistry
  • Biology

Class 12 Exemplar Questions

Exemplar Questions Class 12 is a very important resource for students preparing for the Examination. Here we have provided Exemplar Problems Solutions along with NCERT Exemplar Problems Class 12. Question from very important topics is covered by Exemplar Questions for Class 12.

Physicsगणित
Chemistryभौतिक विज्ञान
Mathsसायन विज्ञान
Biology
Class 12 Economics Notes Maths Notes Economics Notes Sociology Notes
Tags: CBSE 12 NotesClass 12 NotesClass 12thEconomics NotesNotes
Previous Post

CBSE Notes Class 12 Economics National Income Accounting

Next Post

CBSE Notes Class 12 Economics Production and Costs

Related Posts

Mizoram Board
12th Class

MBSE Class 12 Syllabus 2023-24 (PDF) – Mizoram Board

Class 12 Exam Date
12th Class

NBSE HSSLC Routine 2024 (PDF) (Dates Announced) – Download Nagaland Board Class 12th Exam Date

Class 12 Exam Date
12th Class

Goa HSSC Time Table 2024 (PDF) [Out] – Download GBSHSE Class 12th Exam Date

Class 12 Exam Date
12th Class

Kerala Plus Two Time Table 2024 (PDF) [Out] – Download DHSE Kerala Class 12th Exam Date

Leave a ReplyCancel reply

CBSE Board Quick Links

  • CBSE Date Sheet
  • CBSE Result
  • CBSE Syllabus
  • CBSE Sample Papers
  • CBSE Question Papers
  • CBSE Notes
  • CBSE Practice Papers
  • Mock Tests

CISCE Board Quick Links

  • CISCE Time Table
  • CISCE Results
  • CISCE Specimen Papers
  • CISCE Syllabus
  • CISCE Question Papers

Class Wise Study Material

  • Class 1
  • Class 2
  • Class 3
  • Class 4
  • Class 5
  • Class 6
  • Class 7
  • Class 8
  • Class 9
  • Class 10
  • Class 11
  • Class 12

Board Exams 2023

  • Solved Sample Papers
  • Maps
  • Revision Notes
  • CBSE
  • State Board

Study Material

  • Class Notes
  • NCERT Solutions
  • NCERT Books
  • HC Verma Solutions
  • Courses After Class 12th

Exam Zone

  • JEE Main 2023
  • NEET 2023
  • CLAT 2023
  • Fashion & Design
  • Latest
  • Disclaimer
  • Terms of Use
  • Privacy Policy
  • Contact

© 2019 aglasem.com

  • Home
  • Boards
    • Date Sheet
    • Admit Card
    • Result
    • Sample Paper
    • Question Paper
  • NCERT
    • NCERT Solutions
    • NCERT Books
    • NCERT Audio Books
    • NCERT Exempler
  • Study Material
    • Notes
    • Solved Sample Papers
    • Maps
    • Writing Skill Format
  • Solutions
    • NCERT Solutions
    • RD Sharma Solutions
    • HC Verma Solutions
    • CG Board Solutions
    • UP Board Solutions
  • Olympiads
    • NTSE
    • NMMS
  • Admissions
  • Career Guide
    • Careers Opportunities
    • Courses & Career
    • Courses after 12th

© 2019 aglasem.com