Image for "Principles of Economics" (by Alfred Marshall)

"Principles of Economics" (by Alfred Marshall)

"Principles of Economics" by Alfred Marshall is a foundational book that explains how markets function and how individuals and businesses make decisions about buying and selling goods and services. It introduces key concepts like supply and demand, price determination, and the role of scarcity. Marshall also explores how factors like labor, land, and capital influence economic activity, and discusses topics like consumer behavior, competition, and the role of government. The book provides a structured way to understand the workings of the economy, emphasizing that economic decisions are driven by choices and resource limitations, affecting everyday life and societal well-being.