Coursework

Please introduce one of the Economic concepts in the reading for this week (Essentials of Economics) and provide an example. The best examples are personal in nature although you are free to peruse online news sources as well.

The more thorough your economic analysis or definition, the better. Please do not repeat what another classmate has posted or you will be asked to re-post.

Be sure to identify which page in our text, your selected economic concept originates from.