In our daily life, we will have to deal with the production, consumption, and transfer of wealth. The branch of knowledge that deals with the production, consumption, and transfer of wealth are known as economics. There are a lot of books are written in order to understand the basic principles and practices of economics. Among these books “Glencoe Economics Principles And Practices” is an important book. The author of this important book is Gary E. Clayton. If you are not able to understand this book, then you can get help from academic writing services. This important book consists of eighteen chapters. Here, we will take a brief overview of all the chapters of this book.
The name of the first chapter of this book is “What is economics?”. In the first chapter, the author tries to explain three important things. First of all, he tries to provide an idea to the readers about the scarcity and the science of economics. In the second, he provides an explanation of the basic principles of economics. Thirdly, he tries to explain to the students the economic choices and decision-making process. The second chapter is about economic systems and decision making. In this chapter, he tries to provide a detailed explanation of the economic systems, how to evaluate economic performance and what are American free enterprises.
The third chapter is about business organizations. With the help of this chapter, he tries to explain different forms of business organizations, the expansion and growth process in the business organizations, and an explanation about the nonprofit organizations. The fourth chapter of this book is about the demand in economics. In this chapter, he tries to provide a clear idea of demand, the major factors that can affect the demand, and the elasticity of demand. The fifth chapter is about the different theories of supply, production, and revenue. The sixth chapter is about prices and decision making.
In the seventh chapter, the author tries to provide a clear idea of the competition, failures, and government roles in the different organizational structures. The eight chapter of this book is about employment, labour, and their wages. In the ninth chapter, the author tries to provide a clear idea about the different sources of government revenues. The tenth chapter of this book provides a clear idea about the different spending of the government sector. In the eleventh chapter, the author tries to provide a clear idea of the structure of the different financial markets.
The twelfth chapter of this book provides an idea about the macroeconomic performance. The author tries to provide an idea about the instability in the economics with the help of the thirteenth chapter. In the fourteenth chapter of this book, a student can get a clear idea about the money, banking, and the fed. With the help of the fifteenth chapter of this book, a student can get a clear idea about the stabilization policies in the economics. An explanation about the international trade is explained in the sixteenth chapter of this book. As a student, you can get a clear idea about the developing countries with the help of the seventieth chapter of this book. In the last chapter of this book, an explanation of the challenges in the global economy is explained.