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Complete economics for cambridge igcse and o level second edition. Gagnontwo leading experts on trade, investment, and the effects of currency manipulationtraces the history, causes, and effects of currency manipulation and analyzes a range of policy responses that the united states could adopt. Forms of business organizations there are three main forms of business organizations in the economy today the sole proprietorship, the partnership, and the corporation. The word economics comes from ancient greece like so many words and important ideas when an economist was the manager of an estate. Those very practical economists grappled with all the basic problems of economic decisionmaking facing a modern executive today. We focus on those characteristics which affect the nature of competition and pricing but it is important not to place too much emphasis simply on the market share of the existing firms in an industry. Chapter 1 and 2 what is economics chapter summary chapter 1. Smith, modern labor economics, theory and public policy, sixth edition, addison wesley, new york, amsterdam, 1996, p.
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