Basics of economics for adults and children in simple language with great examples

• Category: Business
• ISBN: N/A
• Views: 23
• Posted on: 03/02/2021 20:30

This book is fascinating because complex economic terms are explained in simple language with good examples, and will be useful for both adults and children. For ease of reading and understanding of how the economy works, the content of the book is divided into five main parts, and all the material is written in the form of questions and answers based on specific examples and life situations. Parents can read this book to their curious children. This is a good time spending for the whole family. The book will introduce your children to the basics of economics and financial literacy in a fun and easy way. And who knows, maybe this basic knowledge will allow your children to grow up, continue their education and become successful investors, such as Warren Buffett, George Soros, Peter Lynch and the like.

The book is divided into five parts: how the market works; what happens if the market falls; everything about money; the state and its influence on the country's economy; where we are from and where we are going. You will find out how money and financial markets appeared, what is the difference between inflation and deflation, why some countries are rich and others are poor, what is the role of the state in the prosperity of its citizens, how are prices of the goods formed, why the same goods cost differently in different countries, why prices always rise and why is it good for the economy, how banks and entrepreneurs make profit, what is physical and human capital, why people migrate, why the state cannot print money to cover government debts, why monopoly is bad for the economy, why crises are an inevitable part of world development, why we live richer than ours grandparents and much more.