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Economics is the 'study of how society uses its scarce resources' or, more snappily, 'the science of choices' that helps people make decisions about how to use such scarce things as land, labour, raw materials, capital, entrepreneurial spirit and time. An understanding of econom…
For anyone who wants a better understanding of economics, this clear and entertaining guide will prove invaluable.
The aim of this book is to explain economics and its most important ideas, and to demystify the most important economic terms and concepts. It is intended to be practical, rather than provide a comprehensive tour of economic theory.
Explains the most important economic terms and concepts. Written with the clarity and wit for which the newspaper is renowned, it features bite-sized overviews of essential economic ideas. If you need to understand why a country's balance of payments is such a big deal, whether …
