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Chapter 1, "The Lesson", explains that economics is a field filled with fallacies because of the difficulties inherent in the subject and the special pleading of selfish interests. [3] Every group has economic interests antagonistic to other groups.
Quizlet is a multi-national American company that provides tools for studying and learning. [1] Quizlet was founded in October 2005 by Andrew Sutherland, who at the time was a 15-year old student, [ 2 ] and released to the public in January 2007. [ 3 ]
He is best known for his 1946 book, Economics in One Lesson, a work grounded in the Austrian school of economics and the importance of individual liberty in economic decision-making. [ 2 ] [ 3 ] Hazlitt was a strong proponent of sound monetary policy and a vocal critic of inflationary practices and government intervention in markets.
Economics classes make extensive use of supply and demand graphs like this one to teach about markets. In this graph, S and D refer to supply and demand and P and Q refer to the price and quantity. The following outline is provided as an overview of and topical guide to economics:
<noinclude>[[Category:Economics templates]]</noinclude> to the end of the template code, making sure it starts on the same line as the code's last character. Pages in this category should be moved to subcategories where applicable.
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Briefly, these templates are not included in articles because 1) they are not well designed for mobile, and 2) they significantly increase page sizes—bad for mobile downloads—in a way that is not useful for the mobile use case. You can review/watch phab:T124168 for further discussion.
Supply-side economics is a macroeconomic theory postulating that economic growth can be most effectively fostered by lowering taxes, decreasing regulation, and allowing free trade. [1] [2] According to supply-side economics theory, consumers will benefit from greater supply of goods and services at lower prices, and employment will increase. [3]