Economics, Part 1, Chapter 3

Here is the next instalment from the ‘Economics textbook. It covers the concepts of supply and demand – concepts which are very simple, yet help us understand a lot about how economies function.

If you read it, you should understand why strict anti-drugs laws make drug-dealing so lucrative, and why you would have got a nice pay rise if you survived the Black Death!

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As this is the last Chapter in Part 1, I’m going to take a break before starting on Part 2. That’s not to say I might not expand upon this Chapter in following posts.

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One response to “Economics, Part 1, Chapter 3

  1. Pingback: Economics, Part 2, Chapter 4 | Steven Clarke's Blog

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