unit 1

So what does the ecnomics means?
Well, the economy is so general concept that to define its by one phrase is not obviously possible.But I think that the purpose of economy it is growth of well-being of members of a society.So economics it is a science that studies how to allocate resources.It has its own language of terms.Depending on scales the economy is subdivided on micro- and macroeconomics.
The micro-economics covers economics of separate economic subjects (the enterprises, firms, consumers, businessmen, dealers, etc.).
The macroeconomics describes functioning of a national economy as a whole, studies economic processes at a level of the society (manufacture of the national income, unemployment, inflation, etc.)
Also at economy there is such term as factor of prodaction which means the resource input that are available in economy for the production of goods and services.
Goods -is something that satisfies wants. So it is tangible product (food,cars,computers etc.)
Services-intangible product (banking,medical care or education etc.)
Satisfaction could only be reached by using up resources whitch can be classified as land,labour,capital and entepreneurship.
Land-it is the land itself and anything that could be taken from it.
Labour-is physical and mental human effort.
Capital-man-made aids to production.
Entepreneurship-the readiness of an entrepreneur to take risks and organise production.
Entrepreneur-someone who organise production.