Description
Economic agents all over the world are trying to maximize their returns given their efforts, resources, and opportunities. They come together in markets that ultimately allocate goods and services among many competing interests. We can readily see how individual markets behave; it's more difficult, but exponentially more important, to recognize the general equilibrium across all markets. Disturbances in one market have implications for others.
These interrelationships are particularly important to understand when policy changes are being considered where actions in one market will impose changes on other markets, and not always in obvious or pleasant ways. Understanding Economic Equilibrium reveals how all markets fit together, and how we as individuals fit into that bigger picture.
Author: Thomas J. Cunningham, Mike Shaw
Publisher: Business Expert Press
Published: 05/11/2021
Pages: 222
Binding Type: Hardcover
Weight: 1.03lbs
Size: 9.00h x 6.00w x 0.56d
ISBN13: 9781637423929
ISBN10: 1637423926
BISAC Categories:
- Business & Economics | Small Business | General
- Business & Economics | Economics | Microeconomics
- Business & Economics | Economic Conditions