Understanding economic concepts often depends on an adequate
understanding of the prior concepts on which subsequent concepts
rest. This book tries to present the most basic economic concepts
in easy-to-understand descriptions, in order to offer the best
possible preparation for future study of microeconomics,
macroeconomics, and international economics. Furthermore, the
authors would contend that understanding these basic economic
concepts is not only important for those planning further study,
but also important for all consumers regardless of academic
interest.
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