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Chapter 1
Introduction
CHAPTER 1 SUMMARY
Chapter 2
CHAPTER 2 SUMMARY
Chapter 3
CHAPTER 3 SUMMARY
Chapter 4
CHAPTER 4 SUMMARY
Chapter 5
CHAPTER 5 SUMMARY
Chapter 6
CHAPTER 6 SUMMARY
Chapter 7
CHAPTER 7 SUMMARY
You may never have thought of it this way, but in some ways, economics is like a game. Games have players and rules. Games involve decisions and actions, and they always have a goal. The same is true about economics.
Still, there are some differences. In games, you typically get to decide whether you want to play. But no one ever asks you if you want to play the game of economics. In this game, you play whether you want to or not. That is because the game of economics is going on all the time. It is played at every second of every day in all parts of the world.
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Making a Plan
Free-market systems and command economies have different goals. But the differences do not end there. For one thing, a command economy has an extra set of players. There are producers and consumers, as in any economic system. There are also government planners. The planners are the ones who issue the commands.
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