Understanding Economic Equilibrium: Making Your Way Through an Interdependent World

Understanding Economic Equilibrium: Making Your Way Through an Interdependent World

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LF/605874/R
Англійська
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Understanding Economic Equilibrium reveals how all markets fit together, and how we as individuals fit into that bigger picture. 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.
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Характеристики

ФІО Автора
Cunningham
Mike
Shaw
Thomas J.
Мова
Англійська
ISBN
9781637420393
Дата виходу
2021

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Understanding Economic Equilibrium: Making Your Way Through an Interdependent World

Understanding Economic Equilibrium reveals how all markets fit together, and how we as individuals fit into that bigger picture. Economic agents all over the...

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