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Economics: An A-Z Guide (Paperback)
Short Description for EconomicsEconomics is the 'study of how society uses its scarce resources' or, more snappily, 'the science of choices' that helps people make decisions about how to use such scarce things as land, labour, raw materials, capital, entrepreneurial spirit and time. This is a guide to the essentials of economics, with entries that stretch from A to Z.
Full description- Publisher: Economist Books
- Published: 07 May 2009
- Format: Paperback 256 pages
- See: Full bibliographic data
- Categories: Economics
- ISBN 13: 9781846681660 ISBN 10: 1846681669
- Sales rank: 242,219
Other books
Full description for Economics
Economics is the 'study of how society uses its scarce resources' or, more snappily, 'the science of choices' that helps people make decisions about how to use such scarce things as land, labour, raw materials, capital, entrepreneurial spirit and time. An understanding of economics can therefore help people in politics and public service, in business and the professions, and even in their private life make decisions that will produce the results they are seeking to achieve.This book is a clear and lively guide to the essentials of economics, with entries that stretch from A to Z and cover such topics, terms and jargon as: Animal spirits, Barter, Cannibalise, Dumping, Economic man, First-mover advantage, Gresham's Law, Hypothecation, Inequality, J-curve, Kleptocracy, Lump of labour fallacy, Money illusion, New economy, Opportunity cost, Positional goods, Queueing, Random walk, Satisficing, Tragedy of the commons, Utility, Value at risk, Winner-takes-all markets, X-efficiency, Yield gap and Zero-sum game.
