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Basic Concepts: Money, Market, Capital, Income, Saving and Aggregates
Economics · Chapter 4 · 1. Understanding Economics
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- Money: barter economy versus money economy
- Market: meaning and factors determining the size (extent) of a market
- Capital and investment: meaning; investment as the process of capital formation
- Income and factor incomes; production, consumption and saving; individual and aggregate saving
- Business cycle, aggregate demand and aggregate supply (introductory meaning)