Economics For Dummies, 3rd Edition (For Dummies (Business & Personal Finance))

£9.9
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Economics For Dummies, 3rd Edition (For Dummies (Business & Personal Finance))

Economics For Dummies, 3rd Edition (For Dummies (Business & Personal Finance))

RRP: £99
Price: £9.9
£9.9 FREE Shipping

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The reason people have to make choices is scarcity, the fact that we don’t have enough resources to satisfy all our wants. If you want to get to grips with the basics of economics and understand a subject that affects British citizens on a daily basis, then look no further than Economics For Dummies. I much preferred the Dummies book to my MBA textbook, and often referred to it when I couldn't understand the textbook. In this book, you find the most important economic theories, hypotheses, and discoveries without a zillion obscure details, outdated examples, or complicated mathematical proofs.

Here are the four basic market structures:

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    Perfect competition: Perfect competition happens when numerous small firms compete against each other. You can gain a lot by studying choice behavior because if you can understand the choices people made in the past, you stand a good chance of understanding the choices they’ll make in the future. To minimize confusion, whenever I introduce a new term, I put it in italics and follow it closely with an easy-to-understand definition.They’re allocatively efficient, which simply means that they produce the goods and services that consumers most greatly desire to consume.

    Public goods: Private firms can’t make money producing certain goods or services because there’s no way to exclude nonpayers from receiving them. It covers Property Rights and Wrongs; Asymmetric Information and Public Goods and Health Economics and Healthcare Finance and it does so well, not perfectly I would say but then entire books have been written on Public Goods and Health Economics and they really are contested areas of theory too.Individuals make economic decisions about how to get the most happiness out of their limited incomes. But they never quite got around to having an industrial revolution and entering on a path of sustained economic growth. This information can be interesting and informative, but I’ve designed the book so that you don’t need to understand it to get the big picture about what’s going on. This book gives you everything you need to understand our rapidly evolving economy—as well as the economic fundamentals that never change. jpg","width":203,"height":255},"title":"Economics For Dummies","testBankPinActivationLink":"https://testbanks.

    Doing so can give you an understanding not only of how they’ve so greatly raised living standards but also of where they need some improvement.And because every country, every business, and every person has to deal with constraints, economics is literally everywhere. Private firms can’t make money producing them because there’s no way to exclude non-payers from receiving the good. By using the Web site, you confirm that you have read, understood, and agreed to be bound by the Terms and Conditions. Because every country, every business, and every person deals with constraints and limitations, economics is literally everywhere.



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