Economics for Beginners & Dummies

<p><span style=color: rgba(15 17 17 1)>Economics for Beginners is a quick and simple explanation of basic economic ideas and principles. A common misconception about economics is that the study is all about money. Money is only one aspect of the economy. Economics is the study of the choices people companies or governments make when allocating their resources to create products and services.</span></p><p><br></p><p><span style=color: rgba(15 17 17 1)>Those choices made are based on the scarcity of the resources needs of the people and the economic style of the community creating traditional command market or mixed economies. Additionally this text offers a common language an easily understandable discussion of the law of supply and demand and the intersection of both known as equilibrium. Finally this ebook explains the cause and effect relationship between the economy and taxes interest rates and other governmental influences that lead to inflation and deflation or the growth and contraction of the economy.</span></p>