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In this book, Explain the Basic Concepts of Economics. Like Economics, it is the study of how society allocates scarce resources (land, labor, capital, and entrepreneurship) to produce output. Some of the concepts are scarcity, supply & demand, incentives, trade-off and opportunity cost, economic systems, factors of production.

Produktbeschreibung
In this book, Explain the Basic Concepts of Economics. Like Economics, it is the study of how society allocates scarce resources (land, labor, capital, and entrepreneurship) to produce output. Some of the concepts are scarcity, supply & demand, incentives, trade-off and opportunity cost, economic systems, factors of production.
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