Topics
Concepts
- Definitions of economics by Robbins and Samuelson
- Economic entities and their roles
- Central problems of an economy
- Economic growth and development
- Developed, underdeveloped and developing economies
- Capitalist, socialist and mixed economies
Learning objectives
- Explain the role of economic entities in allocating scarce resources.
Labs for this chapter are on the way
We are building worlds, labs and stories for Basic Concepts of Economics. Meanwhile, practise its questions or explore the rest of Social Science.
