Economic Terms and Concepts: An Introduction to the
Fascinating World of Economics
This compilation, prepared by a retired businessman, introduces the reader
to the world of economics in a novel manner. Using everyday language,
it seeks to define and explain the basic concepts of human cooperation
and social organization such as economic production and its factors, the
division of labor, capital, money, and many others. In contrast to standard
dictionaries of economics and standard American textbooks, this booklet
does not lose sight of the individual, who is forever valuing, choosing,
and acting. There is no national economy, no GNP, and no macroeconomy,
only individuals, millions of them, who associate and cooperate with each
other.
This product is available for download immediately after purchase.
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