The National Economy:

Hardcover | April 30, 2006

byBradley A. Hansen

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The national economy is the engine of growth for any country--whether it is a superpower with global reach or a small nation struggling to emerge from poverty. Every citizen is a participant in the economy, as they work to create income for their families, pay taxes, spend their earnings of products and services, or draw from government programs, such as welfare or Social Security. And yet the workings of the economy remain a mystery to most, even as the demands on our economic resources increase. This volume presents a basic introduction to the national economy--how it works and how various political and business decisions affect it. Chapters one through four explain the concept of Gross Domestic Product (GDP) and its components, with an emphasis on supply and demand, long-term growth, and short-term fluctuations resulting from such factors as interest rates and inflation. Chapters five through eight highlight the four basic sectors of the economy--businesses, households, the government, and the international arena--and how they interact. Featuring graphs and charts, a glossary and timeline, examples drawn from the popular press, and sources of current data and information, The National Economy will provide readers with the tools to understand and interpret economic events, conditions, policies, and issues.

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The national economy is the engine of growth for any country--whether it is a superpower with global reach or a small nation struggling to emerge from poverty. Every citizen is a participant in the economy, as they work to create income for their families, pay taxes, spend their earnings of products and services, or draw from governmen...

Format:HardcoverDimensions:173 pages, 9.3 × 6.34 × 0.8 inPublished:April 30, 2006Publisher:Greenwood PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0313335419

ISBN - 13:9780313335419

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"Economic literacy is an essential condition for our democracy to work. Only an educated public can make sense of the myriad of economic issues that characterize our public debate, ranging from the collapse of private pensions to the impact of outsourcing on our job markets. This series constitutes a significant step towards the achievement of this goal. Written by eminent professionals and experienced practitioners, each of its seven volumes renders complex issues easy to assimilate without sacrificing nuance or controversy. Aimed at the general public, the authors succeed in bringing to everyday life the substance of most important economic agents and forces."-Jose R. de la Torre Dean, Alvah H. Chapman Jr. Graduate School of Business Florida International University