Understanding Economic Equilibrium: Making Your Way Through an Interdependent World by Mike Shaw
Requirements: .ePUB reader, 1.3 MB
Overview: 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.
Genre: Non-Fiction > General
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