Economics

"THE ULTIMATE RESOURCE IN ECONOMIC DEVELOPMENT IS PEOPLE. IT IS PEOPLE, NOT CAPITAL OR RAW MATERIALS THAT DEVELOP AN ECONOMY." - PETER DRUCKER THE ECONOMICS CATEGORY WILL HELP SIMPLIFY COMPLICATED SUBJECTS SUCH AS SCARCITY, RESOURCES, PRODUCTION OF GOODS AND SERVICES, DISTRIBUTION AND CONSUMPTION, BOTH INDIVIDUALLY AND COLLECTIVELY. AS WELL AS EXPLAINING THE FACTS OF HOW DIFFERENT ECONOMIC SYSTEMS WORK SUCH AS CAPITALISM, AUSTRIAN ECONOMICS, SOCIALISM AND COMMUNISM. UNDERSTANDING HOW EACH THESE SYSTEMS OPERATE WILL GIVE YOU A CLEAR UNDERSTANDING OF THE MASSIVE IMPACTS EACH SYSTEM HAVE ON THE PAST, PRESENT AND FUTURE GENERATIONS.