Introduction ●      Profits, from the Concise Encyclopedia of Economics ●      Capitalists earn a return on their efforts by…

Introduction ●      Income distribution refers to four different topics in economics. See also the related College…

Introduction Definitions and Basics ●      Third World Economic Development, from the Concise Encyclopedia of Economics ●      The development experiences…

Introduction Definitions and Basics ●      Productivity, from the Concise Encyclopedia of Economics ●      Productivity—the amount of output per unit…

Introduction Definitions and Basics ●      Natural Resources, from the Concise Encyclopedia of Economics ●      The earth's natural resources are…

Introduction ●      A resource is something we rely on or use to accomplish a goal. If…

Introduction Definitions and Basics ●      Interdependence and the division of labor: I, Pencil, by Leonard Read. ●      Simple? Yet, not…

Introduction Definitions and Basics ●      Human Capital, from the Concise Encyclopedia of Economics ●      To most people capital means…

Introduction Definitions and Basics ●      Saving, from the Concise Encyclopedia of Economics ●      Saving means different things to different…

As a social science, economics attempts to use the principles and methods of science to…