Includes bibliographical references and index.

What is economics? -- Prices and markets -- Industry and commerce -- Work and pay -- Time and risk -- The national economy -- The international economy -- Special economic issues.

This is the revised and enlarged edition of a new kind of introduction to economics for the general public--without graphs, statistics, or jargon. In addition to being updated, "Basic Economics has also become more internationalized by including economic problems from more countries around the world, because the basic principles of economics are not confined by national borders. While most chapter titles remain the same, their contents have changed considerably, reflecting the experiences of many different peoples and cultures. "Basic Economics has been written with the thought that learning economics should be not only a relaxed experience, but also an enjoyable one.