Understanding economic concepts often depends on an adequate
understanding of the prior concepts on which subsequent concepts rest.
This book tries to present the most basic economic concepts in
easy-to-understand descriptions, in order to offer the best possible
preparation for future study of microeconomics, macroeconomics, and
international economics. Furthermore, the authors would contend that
understanding these basic economic concepts is not only important for
those planning further study, but also important for all consumers
regardless of academic interest.