Economics and Economic Systems

Although individuals and countries, for centuries, have exchanged goods and services for money, the formal field of economics--the study of wealth and how it is produced and distributed--is relatively young. Since Adam Smith's pioneering work in the 18th century, economics has developed a great deal, and with it, so has our understanding of market systems, such as capitalism and centrally planned systems. A detailed explanation of the scope of economics, historical development, and the strengths and weaknesses of various economic systems is provided.

• Format: Library Binding
• Language: English
• ISBN: 161530892X
• ISBN13: 9781615308927
• Release Date: December 2012
• Publisher: Rosen Education Service
• Length: 144 Pages
• Weight: 0.95 lbs.
• Dimensions: 0.5" x 6.2" x 9.1"
• Age Range: 12 to 17 years
• Grade Range: Grades 7 to 12