Includes index

The economic problem; the language of economics; economic systems; production; types of business organizations;the finance and growth of firms; the location and structure of industry; how prices are decided; social costs and benefits; how firms behave and the interests of consumers; the distribution of income and wealth; workers, wages and employers; interest, rent and profit; how the economy works; the role of money; public finance; international trade; inflation and unemployment; economic growth; controlling the economy; population.

This introductory textbook on economics has been revised and updated to include the latest statistical information and articles from newspapers and magazines. A new section on the exchange rate mechanism (ERM) has also been included.