Introduction to

7/31/2001


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Table of Contents

Introduction to

The Basics

Economics then is the study of how society’s scarce resources are used (administered) to obtain the greatest satisfaction of its material wants. To be efficient in the use of its resources an economy must achieve both full employment and full production

Different economic systems differ as to how they respond to the economizing problem.

Credits

Author: mark neal

Email: mneal@virtualclassroom.net

Home Page: www.virtualclassroom.net