Home Reading. Allen W.Smith "Understanding Economics"

Mājās lasīšanas atskaite angļu valodā par grāmatu UNDERSTANDING ECONOMICS Chapter 1. Tā iekļauj sevī grāmatas un nodaļas aprakstu, anotāciju, vārdu krājuma apskatu, vienas lapaspuses tulkojumu latviešu valodā. This chapter is an interesting and accessible introduction to key economic ideas with examples drawn from a wide range of situations. The chapter deals with definition of economic system and its functions. Firstly, reading this chapter, we get information about the most basic economic problem- scarcity. We can learn how to make the right and the most gainful choice in an effort to satisfy our unlimited wants. Secondly, this chapter provides information about the most important economic terms and the basic principles of economics. Thirdly, all kinds of economic systems are described in this chapter- their advantages and disadvantages. Finally, this chapter deals with economist`s profession description.