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Economics is a social science which deals with human wants and their satisfaction. It is mainly concerned with the way in which a society chooses to employ its scarce resources which have alternative uses, for the production of goods for present and future consumption. The fifth edition features a strong revision of content in all 36 chapters while maintaining the clear, accessible writing style and precise presentation that are the hallmarks of this highly respected author. Free ap microeconomics textbook for download openstax. Truly, no one can claim to be well read in economics without having mastered mengers argument. Free economics books on macroeconomics, microeconomics, industrial economics, management. The book explains the pareto principle, which states that 80% or some disproportionately large share of the output comes from 20% of the input. Listed below are the features which provide some good reasons to have this book. In principle the book covers the whole range of problems discussed in the general economics course. London, new york, melbourne, munich, and delhi dk london dk delhi first american edition, 2012 project art editors anna hall, duncan turner senior art editor ivy roy senior editors janet mohun, rebecca warren art editor arijit ganguly published in the united states by dk publishing 375 hudson street new york, new york 10014 editor lizzie munsey assistant art editors. Cardinal analysis, ordinal analysis, production function, economies of scale, cost concepts, price determination. Aside from the econ portal, the book wasnt any better or worse than any other economics book i have ever seen, especially the one i bought used for 5 bucks. Contribute to philschatzeconomics book development by creating an account on github. Find out by reading about cores approach to updating economics.
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