10 principles
Introduction
This work was made in order to explain the principles of economics that is handled in society or a country. People, companies, the government and society must face a common problem: managing scarce resources. Scarcity means that society has limited resources and therefore can not produce all the goods and services that people want to have (unlimited wants). To address the shortage must choose between different alternatives available (go to the stadium or a party, buy a coat or a suit) .The economy is the social science that studies the choices that individuals, businesses, government and society made to face shortages. It is based on ten principles grouped as follows.
objectives
What kind of questions about the economy?
How individuals make decisions?
How do the individuals?
How does the economy as a whole?
ECONOMIC PRINCIPLES
The principles of economics are based on ten principles grouped as follows:
Group 1: Principles that govern how individuals make decisions.
1 People Face Tradeoffs To get something you want, usually must give up something else they want.
Making decisions is choosing between two objectives. If a student studies, it is leaving a few hours of sleep. If a parent buys food, you are not buying someone else 's product. When they decide to spend an additional weight in a well, are having a weight less to spend on other goods or services. Individuals are grouped to form companies which also face these dilemmas. Example, buy more weapons for national defense or increase public spending to improve wages or offer better education. In developing an economic policy, society is faced with the dilemma between efficiency and equity, ie, thinning the most of scarce resources and the equitable sharing of the benefits of these resources among its members.
2 The cost of something is what is forgone to obtain it.
As individuals face tradeoffs, making decisions
This work was made in order to explain the principles of economics that is handled in society or a country. People, companies, the government and society must face a common problem: managing scarce resources. Scarcity means that society has limited resources and therefore can not produce all the goods and services that people want to have (unlimited wants). To address the shortage must choose between different alternatives available (go to the stadium or a party, buy a coat or a suit) .The economy is the social science that studies the choices that individuals, businesses, government and society made to face shortages. It is based on ten principles grouped as follows.
objectives
What kind of questions about the economy?
How individuals make decisions?
How do the individuals?
How does the economy as a whole?
ECONOMIC PRINCIPLES
The principles of economics are based on ten principles grouped as follows:
Group 1: Principles that govern how individuals make decisions.
1 People Face Tradeoffs To get something you want, usually must give up something else they want.
Making decisions is choosing between two objectives. If a student studies, it is leaving a few hours of sleep. If a parent buys food, you are not buying someone else 's product. When they decide to spend an additional weight in a well, are having a weight less to spend on other goods or services. Individuals are grouped to form companies which also face these dilemmas. Example, buy more weapons for national defense or increase public spending to improve wages or offer better education. In developing an economic policy, society is faced with the dilemma between efficiency and equity, ie, thinning the most of scarce resources and the equitable sharing of the benefits of these resources among its members.
2 The cost of something is what is forgone to obtain it.
As individuals face tradeoffs, making decisions
Bibliography: http://es.scribd.com/doc/18010318/Principios-10-de-Economy http://www.ehowenespanol.com/cuatro-early-take-individual-decision-economics-info_119036/