Marshall's Principles of Economics

Marshall's Principles of Economics provide a framework for understanding how markets operate, focusing on concepts like supply and demand, which determine prices. It explains how individuals and companies make decisions based on costs and benefits, and how these decisions interact to allocate resources efficiently. The book also addresses broader issues like economic growth, inflation, and employment, emphasizing that economies are interconnected systems. Overall, it helps explain the reasons behind market behavior and policy impacts, offering insights into how economies function and how economic principles can be used to improve societal well-being.