Lecture on Ten Principles of Economics

General objective of this lecture is to presentation on Ten Principles of Economics. Economics is the study of how society manages its scarce resources. this lecture explain some questioners like how people decide what to buy, how much to work, save, and spend. The following also discuss how firms decide the amount of to produce, how many workers to employ and how society decides tips on how to divide its resources between national defense, consumer merchandise, protecting the environment, and other needs. Finally analysis major Ten Principles of Economics with examples.