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Second Edition Chapter 1 The Big Ideas. Understand Your World Many of the most important issues in the world today cannot be understood without understanding.
© 2010 Pearson Addison-Wesley Managerial Economics - Lecture 1 Dr. Abdullah Alharbi Basic Concepts of Economics Introduction:
Expectations Show respect for others by listening when they are talking Always try your best and attempt everything Ask questions Respect your learning.
WHAT IS AN ECONOMY?. Economy or Economic System The way a nation makes choices. These choices involve how the nation will use its resources to produce.
