Economics For Dummies, 3rd Edition (For Dummies (Business & Personal Finance))

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Economics For Dummies, 3rd Edition (For Dummies (Business & Personal Finance))

Economics For Dummies, 3rd Edition (For Dummies (Business & Personal Finance))

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Biography: Peter Antonioni is a Senior Teaching Fellow in the Department of Management, Science and Innovation at University College London. This easy to understand guide takes you through the world of economics from understanding micro- and macroeconomics to demystifying complex topics such as capitalism and recession.

Not simply because it includes a good subsection on Behavioral Economics: Investigating Irrationality. It's not really for dummies - it's just so well structured that it make it easier for us all to understand. p>\n\n

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    An oligopoly is an industry with only a few firms.We also use them to help detect unauthorized access or activity that violate our terms of service, as well as to analyze site traffic and performance for our own site improvement efforts. A book leaves our collection of over seven million titles and begins a new chapter every two seconds, enabling more goods to be reused. Expansionary fiscal policy: Increasing government purchases of goods and services or decreasing taxes can stimulate the economy. I thought of awarding 5 stars, but this is still the only economics book I've read - I intend to continue studying - so it remains to be seen exactly how good "Economics for Dummies" is as an introduction. Economists assume that people work toward maximizing their utility, or happiness, while firms act to maximize profits.

    I had a year of economics as an undergraduate, and only then because it was required, and that was nearly nearly forty years ago. A less-extreme case of lack of competition is oligopoly, a situation in which only a few firms are in an industry. com/v2/books/282399"}}],"cheatSheet":{"articleId":208692,"slug":"economics-for-dummies-cheat-sheet","title":"Economics For Dummies Cheat Sheet","description":"People have to make choices because of scarcity, the fact that they don’t have enough resources to satisfy all their wants. Financial crises are recessions triggered by the failure of important financial institutions to keep their financial promises.By doing so, it produces less than the socially optimal output level and produces at higher costs than competitive firms. For this reason, Chapter 17 also covers how and why monetary and fiscal policy are constrained in their effectiveness. Without scarcity of time, scarcity of resources, scarcity of information, scarcity of consumable goods, and scarcity of peace and goodwill on Earth, human beings would lack for nothing. Those disputes are intensified by concerns about whether foreign working conditions are humane, whether foreign producers are unfairly subsidized by their governments, and whether currency exchange rates are being manipulated by foreign governments to give their own firms a cost advantage over firms in other countries.


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    A monopoly is a firm that has no competitors in its industry. Wer sich mit Englisch vielleicht ein Bisschen schwer tut, sollte sich das deutsche Äquivalent kaufen.

    The limited liability corporation: Under this business structure, investors could lose only the amount of their investment and not be liable for any debts that the corporation couldn’t pay. It's a long, long time since I did my A-level and I thought this would be a useful way to ease back into the subject. The result is a book that is perhaps more detailed and heavyweight than some might expect from a Dummies book - it's hard to accurately identify the level but I'd say that it is perhaps most suitably pitched to first year university level.

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