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The Themes For A Week In The Book, Economics, By Campbell Mcconnell

341 Words2 Pages
The themes for this week in the book, Economics, written by Campbell McConnell, Stanley Brue, and Sean Flynn, was limits, alternatives, choices, the market system, and the circular flow. I consider “Society’s Economizing Problem” (McConnell, Brue, and Flynn, 11) to be the most important concept this week. “Society’s Economizing Problem” (McConnell, Brue, and Flynn, 11) involves scarce resources and resource categories. Scarce resources explain that society has limited economic resources that are needed to create goods and services. These economic resources are land, labor, capital, and entrepreneurial ability. Land is the is all the natural resources, labor is physical and mental activities that help in the creation of products, and capital
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