The book progresses logically, starting with microeconomics, where concepts like cost, competition, and market structures are discussed, before moving to macroeconomics, including GDP, inflation, and unemployment. Basic Economics then applies these principles to international trade, finance, and government policy. Instead of relying on complex mathematical models, the book uses clear explanations and real-world examples to illustrate its points, making it accessible to a wide audience and equipping them with the knowledge to navigate the financial landscape.
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