Publisher's Synopsis
This book is a comprehensive guide to understanding economics. It covers various aspects of the subject, ranging from the basic economic problem to the global economy, and provides a thorough understanding of each concept.
The first section of the book focuses on the basic economic problem and its nature. It explains the concept of finite resources and unlimited wants, the factors of production, and the concept of opportunity cost. The production possibility curve (PPC) diagrams are also discussed in detail.
