What is Economics?

How Can We Match Resources and Needs? Trade, investment, employment, prices, and government policy are all driven by the laws of economics. But exactly what is economics, and how does it affect you? Scarce resources need to be used efficiently, which applies as much to money, information, healthcare, and welfare as to housing, land, food, and water. With this lively and accessible book, you can understand how people make vital decisions on the macro- and micro-scale—as societies, businesses, households, and individuals. Bite-size sections lead you from one subject to the next, giving clear, jargon-busting explanation, real-world examples, and profiles of leading economists whose business brains shape national and international policies. Let What Is Economics? be your expert guide to make sense of precisely what makes our world go round.