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economics: principles, applications, and tools, global edition pdf
Economics is a social science that studies how individuals, businesses, governments, and societies make choices about allocating resources to satisfy their needs and wants. It examines the principles of decision-making, such as scarcity, opportunity cost, and supply and demand, and applies these principles to analyze various economic issues and phenomena. The tools used in economics include mathematical models, statistical analysis, and economic theories to understand and predict economic behavior and outcomes. The global edition of economics also takes into account the interconnectedness of economies around the world and how international trade, finance, and other factors impact economic decisions and outcomes on a global scale.
