Justice & Capitalism
About This Book
Economics is the study of how humans make decisions in the face of scarcity. These can be individual decisions, family decisions, business decisions or societal decisions. If you look around carefully, you will see that scarcity is a fact of life. Scarcity means that human wants for goods, services and resources exceed what is available. Resources, such as labor, tools, land, and raw materials are necessary to produce the goods and services we want but they exist in limited supply. Of course, th
| Category | humanities |
|---|---|
| Subject | Social and ethical issues, Economic theory and philosophy |
| Year | 2023 |
| Authors | |
| Chapters | 4 |
| Word Count | |
| Price | |
| License | Creative Commons - Attribution - https://creativecommons.org/licenses/by/4.0/ |
Chapters
- Economics is the study of how humans make decisions in the face of scarcity. The
- Think about what a complex system a modern economy is. It includes all productio
- The dominant economic systems of the modern era have been capitalism and sociali
- Learning Objectives – On completing this chapter, you will be able to: