Economics is the study of how scare products and resources are allocated to satisfy seemingly unlimited needs and wants. The core concept in economics is that scarcity requires that choices be made.
Click on the hyperlinks below to go to a portion of the blog devoted to that topic:
What is Economics? - Learning Objectives
What is Economics?
Economic Resources
Labor - the human economic resources
Special Types of Labor in Business
Capital - the manufactured economic resources
Natural Resources - economic resources provided by nature
Economic Systems
Economic Efficiency and Equity
Macro versus Micro
Limitations of Economics as a Field of Study
Positive and Normative Analysis
Why Study Economics?
Important Definitions
Questions for Further Study
Joseph Schumpeter's Business Cycles
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Business Cycles
The link above takes you to a pdf file of Joseph Schumpeter's book.
14 years ago
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