Economics is a social science that deals with production, distribution, exchange and consumption of goods and services.
Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.
It is in this lucid manner that this book will teach you Economics.
It clearly explains the basic concepts of Economics like want, scarcity, choice, scale of preference, and opportunity cost.
It analyzes the importance of opportunity cost to persons, firms and government in an economy.
It throws light on how to study Economics. It identifies the two broad divisions of Economics. They are microeconomics and macroeconomics. It explores other divisions of Economics like Pure Economics, Applied Economics, Econometrics, Mathematical Economics, Business Economics, Monetary Economics, and Development Economics.
And it discusses why Economics is still studied by students. They are to enable the students to understand the complex economic activities in the country, to appreciate various public policies where choices have to be made, to learn the basic skills for analyzing economic problems, and to know when the government has growth and development that will improve the quality of life of the citizens.