Expansionary fiscal policy: Increasing government purchases of goods and services or decreasing taxes can stimulate the economy. Usually, I think that the series works well for things like software and less well for more general subjects where the bitty structure and characteristic Dummies contents like the "Part of Tens" as well as the humour tend to get in the way.

Economists have spent a great deal of time analyzing how groups make choices, but because group choice behavior usually turns out to be very similar to individual choice behavior, my focus in this chapter is on individuals.It serves as the perfect vehicle for illustrating the two things that can help get you out of a recession. Studying macroeconomics is useful because certain factors, such as interest rates and tax policy, have economy-wide effects and also because when the economy goes into a recession or a boom, every person and every business is affected. This book simplifies the history, principles, theories, and terminology behind micro and macroeconomics, helping you get to grips with how economic decisions affect you, your finances, and the world around you. I thought of awarding 5 stars, but this is still the only economics book I've read - I intend to continue studying - so it remains to be seen exactly how good "Economics for Dummies" is as an introduction.

I know that it's probably a little petty of me however I was a little irked at the statement that Karl Marx's theories regarding capitalism relating to the exploitation of workers and free market monopolies were disproved as I would consider the need for antitrust legislation and the fact that the earnings of the bottom 50% of Americans have either stagnated or decreased in real terms over the last 30 years since the U. Economics is all about how groups and individuals make choices and why they choose the things that they do. It also encompasses the study of economic growth and the methods governments use to try to moderate the harm caused by recessions. A lot of economics books, including ones of this kind which aim to be comprehensive and all encompassing somehow, when I read them tend to provoke real skeptical responses. Those disputes are intensified by concerns about whether foreign working conditions are humane, whether foreign producers are unfairly subsidized by their governments, and whether currency exchange rates are being manipulated by foreign governments to give their own firms a cost advantage over firms in other countries.Also, it helps to learn if you try to draw the chart the narrator is describing and then check it against what it is supposed to look like. The limited liability corporation: Under this business structure, investors could lose only the amount of their investment and not be liable for any debts that the corporation couldn’t pay. Economics For Dummies is an approachable reference book for students, as well as an informative guide for anyone interested in learning more about today’s economy.