Economics is concerned with three main problems, all arising from the basic fact of scarcity: the allocation, full employment and growth of resources. This book concentrates on the macro-economic problems of employment and growth, problems concerning the whole economy, as opposed to the micro-economic problem of allocation, which concerns particular parts of the economy.


Consumption Expenditure Consumption Good Full Employment Annual Output Investment Good 
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Copyright information

© J. Harvey and Janet Johnson 1973

Authors and Affiliations

  • J. Harvey
    • 1
  • M. Johnson
    • 2
  1. 1.University of ReadingUK
  2. 2.Hatfield PolytechnicUK

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