Zusammenfassung der Ressource
what is economics
- scarcity and individual choice
- individuals faced a scarcity of
- time
- spending power
- facing this there is opportunity cost
- explicit cost
- dollar actually paid
- implicit cost
- the value of something sacrificed
- scarcity and social choice
- resources
- Labor
- capital
- physical capital
- human capital
- Land
- entrepreneurship
- The world of economics
- microeconomics
- macroeconomics
- positive economics
- study of how economics work
- normative economics
- way to solve economics problem
- why study economics
- the methods of economics