The ten basic principles of Economics 
are as follows. First four of these are related to individuals, next three are related to producers and last three to the governments:
1. People Face Trade Offs
2. The Cost of something is what you give up to get it.
3. Rational people think at the margin
4. People respond to the incentives
5. Trade can make everyone better off
6. Markets are usually a good way to organize economic activity
7. Governments can sometimes improve market outcomes
8. A country’s Standard of living depends on its ability to Produce Goods and Sevices
9. Prices Rise when the Government Prints too much Money
10. Society Faces a Short run Trade off between inflation and unemployment.
Other Related Posts :
Factors of Production
Determinants-of-Supply
Ttoday's Dynamic Work Place
are as follows. First four of these are related to individuals, next three are related to producers and last three to the governments:1. People Face Trade Offs
2. The Cost of something is what you give up to get it.
3. Rational people think at the margin
4. People respond to the incentives
5. Trade can make everyone better off
6. Markets are usually a good way to organize economic activity
7. Governments can sometimes improve market outcomes
8. A country’s Standard of living depends on its ability to Produce Goods and Sevices
9. Prices Rise when the Government Prints too much Money
10. Society Faces a Short run Trade off between inflation and unemployment.
Other Related Posts :
Factors of Production
Determinants-of-Supply
Ttoday's Dynamic Work Place
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