Economics for Beginners & Dummies (Paperback)

Economics for Beginners & Dummies By Rigters Cover Image
By Rigters
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Economics for Beginners is a quick and simple explanation of basic economic ideas and principles. A common misconception about economics is that the study is all about money. Money is only one aspect of the economy. Economics is the study of the choices people, companies, or governments make when allocating their resources to create products and services.

Those choices made are based on the scarcity of the resources, needs of the people, and the economic style of the community creating traditional, command, market, or mixed economies. Additionally, this text offers a common language, an easily understandable discussion of the law of supply and demand, and the intersection of both known as "equilibrium." Finally, this ebook explains the cause and effect relationship between the economy and taxes, interest rates, and other governmental influences that lead to inflation and deflation, or the growth and contraction of the economy.

Product Details
ISBN: 9781088096628
ISBN-10: 108809662X
Publisher: Giovanni Rigters
Publication Date: February 16th, 2023
Pages: 68
Language: English