Economics concerned with the production, distribution, trade, and consumption of goods and services both individually and collectively. Two major types of economics are microeconomics and macroeconomics. Basic Economics is a handy app and nice app students who study Economics. This app contain essential information about Economics. It will work as pocket reference and help you to quick look the terms and definitions any time you want. Topics included in this app: # What Is Economics ? # Microeconomics Versus Macroeconomics # Economics as the "Dismal Science?" # Positive Versus Normative Analysis in Economics # Opportunity Cost as True Economic Cost # The Assumptions of Economic Rationality # Correlation Versus Causation # Production Possibility Frontier, Growth, Opportunity Cost and Trade # Supply and Demand # Elasticity # Economics Basics: Utility # Monopolies, Oligopolies and Perfect Competition # Glossary of Economic Terms and Concepts More about Microeconomics and Macroeconomics: Basics of Microeconomics: Microeconomics focuses on the behavior of individual consumers and producers. Added terms and definitions of Microeconomics in this area. Basics of Macroeconomics: Macroeconomics examine overall economies on a regional, national, or international scale. Added terms and definitions of Macroeconomics Added terms and definitions of