AP MICROECONOMICS
ECONOMICS DEFINED Social science that analyzes and describes the consequences of choices made concerning scarce productive resources. Economics is the study of how individuals and societies choose to employ those resources: what goods and services will be produced, how they will be produced, and how they will be distributed among the members of society. Economics is customarily divided into microeconomics and macroeconomics. (Merriam-Webster) |
TOPICS I. Basic Economic Concepts
II. Nature and Functions of Product Markets III. Factor Markets IV. Market Failure and the Role of Government CLICK on the "AP Microeconomics" link above to go to the following link:
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