O'Reilly logo

The Complete Idiot's Guide to Economics, 2nd Edition by Tom Gorman

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

It All Adds Up

The U.S. economy is a multi-trillion dollar system of production and consumption, but it can be broken down and analyzed. The major players—consumers, businesses, and government—constantly interact with one another. Each interaction, whether it is a purchase or sale, investment or paycheck, tax or loan, constitutes a transaction and a form of economic activity.
It is that economic activity—and the millions of decisions that underlie that activity—that add up to our economy. The same is true of the economies of other nations. Economics is the study of the interactions of these various players, and of the motivation behind and the effects of these interactions.

The Least You Need to Know

• Consumption by consumers, investment ...

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