Basic EconomicsBasic Economics
Listen to the intro

Basic Economics

user-icon

Thomas Sowell

Economics can be understood not through complex math, but through a basic grasp of incentives and their consequences, along with common sense. Everyday economic choices should be guided by the understanding that prices are not just random figures, but indicators of scarcity and worth, directing resources to their highest-value uses. By developing informed opinions on economic policy matters, such as regulations, insurance, or investments, people can feel empowered to make better consumer decisions and grasp their unique roles in the economy.

hashtagsocial-life
hashtagpolitics
hashtageconomics
clock10 min
bite4 Bites
target4 Insight

What's it about?

Basic Economics offers a wide and detailed overview of economic principles, accessible to those without prior knowledge in the field. By steering clear of complex terminology and using everyday examples, it simplifies key economic ideas into understandable English.

Book summary

Economics can be understood not through complex math, but through a basic grasp of incentives and their consequences, along with common sense. Everyday economic choices should be guided by the understanding that prices are not just random figures, but indicators of scarcity and worth, directing resources to their highest-value uses. By developing informed opinions on economic policy matters, such as regulations, insurance, or investments, people can feel empowered to make better consumer decisions and grasp their unique roles in the economy.

To read rest of the book you can download Bitely
appstoregoogleplayapp gallery
All Bites
bite4 Bites

Economics is a universal discipline that examines how scarce resources with multiple uses are employed.

1
logo

Investing is essentially about forgoing immediate gratification to have more in the future.

2
logo

Financial institutions are instrumental in linking individual prosperity with economic growth.

3
logo

Insurance firms manage and lessen risk.

4
logo
mailbox-icon

Do you want to keep learning?

Don't miss updates from the exciting universe of Bitely!