Introduction

J. Harvey and M. Johnson
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J. Harvey: University of Reading
M. Johnson: Hatfield Polytechnic

Chapter 1 in Introduction to Macro-Economics: A Workbook, 1973, pp 9-12 from Palgrave Macmillan

Abstract: Abstract Economics is concerned with three main problems, all arising from the basic fact of scarcity: the allocation, full employment and growth of resources. This book concentrates on the macro-economic problems of employment and growth, problems concerning the whole economy, as opposed to the micro-economic problem of allocation, which concerns particular parts of the economy.

Keywords: Consumption Expenditure; Consumption Good; Full Employment; Annual Output; Investment Good (search for similar items in EconPapers)
Date: 1973
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DOI: 10.1007/978-1-349-01871-0_1

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