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Economics (Boundless)

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  • Page ID
    3427
    • Boundless
    • Boundless

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    Economics is the systematic study of how individuals, businesses, and societies make choices in the face of scarcity. This textbook provides a comprehensive introduction to the principles, theories, and applications of economics, combining both microeconomic and macroeconomic perspectives to give students a full understanding of economic behavior and outcomes. The first sections explore the fundamental concepts of economics, including decision-making by individuals and firms, market interactions, and the basic questions every society faces about production, consumption, and resource allocation. Students will learn how markets function through the forces of supply and demand, how prices and incentives guide choices, and how government policies can influence economic outcomes.

    Thumbnail: Charging Bull, a bronze statue by Arturo Di Modica at Bowling Green, Manhattan, New York City. Image used wtih permission (CC BY-SA 2.0; Aseba).

    This page titled Economics (Boundless) is shared under a CC BY-SA 4.0 license and was authored, remixed, and/or curated by Boundless via source content that was edited to the style and standards of the LibreTexts platform.