In order to begin our discussion of economics, we first need to understand (1) the
concept of scarcity and (2) the two branches of study within economics:
microeconomics and macroeconomics.
What Is Economics?
In order to begin our discussion of economics, we first need to understand (1) the
concept of scarcity and (2) the two branches of study within economics:
microeconomics and macroeconomics.
