Pinterest • The world’s catalogue of ideas

Nations produce combinations, or mixes, of goods. We often refer to the production of military goods as “guns” and the production of civiliangoods as “butter.”

The concept of supply and demand is often called the heart and soul of economics. It is the foundation for much of what is studied in the field. Understanding how supply and demand affect the economy helps us recognize economics everywhere in our daily lives.

The concept of supply and demand is often called the heart and soul of economics. It is the foundation for much of what is studied in the field. Understanding how supply and demand affect the economy helps us recognize economics everywhere in our daily lives.

Comparing The Great Depression To The Great Recession [Infographic]

Understanding the differences between capitalism, socialism & communism....Don't you get what BO is doing to this country!!!! The worst president EVER!!