Our lives are deeply influenced
by how the economy works and distributes its products across countries
and social groups. Beginners in economics find in
this basic glossary simplified answers to many naive and non-naive
questions about the consumer behaviours,
firms and industrial dynamics,
employment and labour market, international
trade and foreign direct investment, the whole economy.
Wherever you are located, we try to cover all the large geo-political
areas of the world (Africa,
and South America, Europe,
Oceania), so that theoretical
reflections and policy statements
can be compared with the reality around you.
In particular, poverty and ways
to fight against it are increasingly covered in this site. For instance,
the importance of literacy for exports in countries like India or
Pakistan is argued here.
More in general, the overall working of the economy can be first
approached through a simple graphical
map of main economic interrelationships.
We try to keep the language easy and to avoid too much mathematics
because we know that we are exposing economics for beginners. However,
you shall find here a good deal of real world
data, so that you can reflect on how the world is diverse in