Ten principles of economics

1, people face trade-offs.

The cost of something is what you give up to get it.

3. Rational people consider marginal quantities.

4. People will respond to incentives.

Trade can make everyone live a better life.

6. The market is usually a good way to organize economic activities.

7. The government can sometimes improve market results.

The living standard of a country depends on its ability to produce goods and services.

When the government issues too much money, prices will rise.

10, the society is facing a short-term alternating relationship between inflation and unemployment.

Extended data:

The basic principles of economics:

The basic principle of economics is the axiom as the starting point of the scientific system of economics and the economic theorem derived from the axiom of scientific economics. Different economic paradigms have different basic theories of economics, but only scientific economics has the basic principles of economics.

The basic theory of political economics is general equilibrium theory, and the basic theory of symmetric economics is symmetric equilibrium theory. Symmetrical equilibrium theory is the most basic principle of economics.

The core law of economics:

The core law of economics is the inherent inevitable connection of economic activities developed from the deepest essence of economic activities, which determines the laws governing economic activities at other levels. Economic development is the development of value, not the growth of money.

Economy is the creation, transformation and realization of value; Human economic activities are activities that create, transform and realize value and meet the needs of human material and cultural life. The core law of economics is the law of value rather than the law of price.

Baidu Encyclopedia-Ten Principles of Economics