Samuelson's Economics

Samuelson's Economics, developed by economist Paul Samuelson, approaches the study of how societies manage their resources—like goods, services, and labor—to meet people's needs and wants. It combines economic theories with real-world issues, emphasizing how markets allocate resources, government policies, and economic growth. By analyzing supply and demand, inflation, unemployment, and international trade, Samuelson's work aims to understand and improve economic well-being. Essentially, it provides tools and frameworks to explain how economies function and how policies can shape economic outcomes for society's benefit.