Understand economics: Basic concepts of Economic system

In this book, Explain the Basic Concepts of Economics. Like Economics, it is the study of how society allocates scarce resources (land, labor, capital, and entrepreneurship) to produce output. Some of the concepts are scarcity, supply & demand, incentives, trade-off and opportunity cost, economic systems, factors of production.

• | Author: Prem Amrit
• | Publisher: Independently Published
• | Publication Date: Sep 14, 2022
• | Number of Pages: 216 pages
• | Binding: Paperback or Softback
• | ISBN-13: 9798352806050