O'Reilly logo

Economics by Terry Hillman

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER1

An Overview of Our Economic Society

In This Chapter

  • The long-term economic growth trend
  • Business: providing the goods and services for society
  • Understanding the consumer—the engine of demand
  • Government’s many hats: backstopping the economy, regulator, major buyer
  • A brief look at the domestic and world financial system

The economies of most of the world are market economies. A market economy is an economic system in which economic decisions and the prices of goods and services are made by the interactions of consumers and businesses with minimal government intervention and little-to-no central planning. Only a few economies still use ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required