Titlebook: Intermediate Economics; Jack Harvey Textbook 1991Latest edition J. Harvey 1991 banking.economics.economy

偏離

Supply (1): Organising Productionexamine the supply curve a little more closely. As with demand, we have to study the actions of individuals, in this case ., the units which hire productive resources in order to produce goods and services.

DRAFT

富饒

What Economics is AboutOne day a neighbour saw Abraham Lincoln walking down the road with his two sons, both crying. ‘What’s the matter with the boys?’ asked a neighbour. ‘Just what is the matter with the whole world’, replied Lincoln. ‘I have three walnuts — and each boy wants two.’

figurine

哀悼

The Population as Consumers and ProducersThe people of a country are its consumers. They also provide the labour force for production. A study of the population of the UK, therefore, will give us a bird’s-eye view of the community for which the economic system must provide, and also of the size and nature of the available labour force.

憤憤不平

一加就噴出

A Further Look at DemandOur assumption in Chapter 4 that more of a good will be demanded the lower its price was based solely on our everyday observations. However, by examining a little more closely how the individual consumer ‘economises’, we can explain why this is normally so.