This lesson covers basic economic concepts and principles including supply & demand, economic structures, inflation, and unemployment. You can download study notes for this chapter at https://www.luthermaddy.com/IntroToBusiness.php
#businesscourse #introductiontobusiness #introductiontoeconomics

0:00 Introduction
0:30 The MAJOR BRANCHES of ECONOMICS
1:24 Economics, the Science of Scarcity
2:37 CAPITALISM'S FOUR BASIC RIGHTS
3:14 FREE MARKETS
3:56 SUPPLY CURVES
4:37 DEMAND CURVES
5:17 EQUILIBRIUM
6:00 SOCIALISM
7:10 What's next?