Introduction to Economics - Basic Principles & Concepts

By Venkatachari M

My book is primarily oriented towards providing some basic foundation that is required in understanding the subject matter of Economics in a very simple language. It is good for any of the Beginners, Students, Businessmen, or any laymen so that they can gain some knowledge of managing their daily chores of life efficiently. Keeping focus over this point, my book provides the fundamental knowledge of the various economic terms and concepts that are in use and are essential for a clear understanding of the significance and essence of the subject matter of Economics. By reading and understanding this subject, anyone can handle their economic problems in a fruitful manner. My book uses very simple language but provides ample details of all related matters that are essential in understanding the economic activities and principles that are essential for everybody. The topics have been arranged in a streamlined manner so as to enable an easy understanding of the different concepts and terminologies used by economists.I believe that the Content of the Book matters more than the language in which it is written. So, do not look at the simplicity of language which lacks high standard styles and appealing presentations. Any person can go through it and understand the concepts very easily as my language is very simple. It can be of very help to Students of Economics and Finance at the high school as well as the College stage who need to keep some basic understanding of economics if they are to pursue higher studies in the fields of Accountancy, Finance or Business Management fields. This book provides a basic foundation for such people and makes them become aware of the various economic concepts and terminologies involved in Economics like human wants, their characteristics, difference between desires and economic wants, scarcity, utility, consumer surplus, consumer equilibrium, elasticity of demand and supply, indifference curve, basic economic activities, cost and price, marginal utility, comparative advantage, opportunity cost, specialization, money and banking, insurance, and many other related concepts. I hope if the reader goes through some beginning pages of this book, he can definitely realize its worth.I referred to the importance of my book to Business people also, as they need an understanding of Economics in understanding of the concepts of Supply and Demand, the factors involved in and affecting the processes of Market Creation, price fixation, consumer equilibrium and producer equilibrium and many more facts essential terms for an efficient running of their business.At the end of my Book, I provided an extra chapter stressing the need for the conservation of the resources through our acts of controlling of the wants and also by the optimization of the yield from a suitable mix of the input resources. I want to create some awareness among students and other people about the real picture of our economy and the need for saving resources for a better (future) living atmosphere on our planet.

• Format: Paperback
• Language: English
• ISBN: 1973207303
• ISBN13: 9781973207306
• Release Date: January 2018
• Publisher: Independently published
• Length: 175 Pages
• Weight: 0.71 lbs.
• Dimensions: 9.0" x 0.4" x 6.0"