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Introduction
Economics studies optimal allocation of limited resources. Its essence is about how to materialize a
balance between supply and demand. If the supply is greater than the demand, it means a waste of
resources so that the supply needs to be reduced. On the other hand, if the supply cannot meet the
demand, it means there is a shortage of supply so that the supply of resources needs to be increased.
e scope of limited resources covers a very wide range, including land, capital, technology,
means of production, patents, brands, business cultures, labors, talents of business entrepreneurs,
and so on. Even with such a wide-ranging sc ...