Basic Principles of Economics.

By Makoti George Mashilo.
Published 2025

About this book

This comprehensive book offers an in-depth exploration of economics, covering fundamental principles, historical development, and key questions that shape economic thought.

It delves into various economic systems such as capitalism, socialism, and mixed economies, and examines how markets operate through perfect and imperfect competition, market power, and externalities.

The book provides detailed insights into demand and supply analysis, consumer behavior, production and cost theories, and market structures including monopoly, oligopoly, and monopolistic competition.

It addresses critical topics like income inequality, economic growth, inflation, unemployment, and government policies that influence economic stability and development.

With a focus on both theoretical foundations and practical applications, this book is an essential resource for understanding how economies function and how policies impact societal welfare.

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