Introduction to

economics Economics is a Social Science that

studies the way in which

individuals and societies behave to

satisfy their needs through

the organization and administration of the

resources they have, which

are generally scarce,

this does not mean that they are few. Rather,

the possibilities of using them are

limited.

Economics is divided into two branches. The

first is microeconomics, which studies

the behavior of individual agents such

as people, families, or

companies, and seeks to explain their relationship

with variables such as the

market. It is any physical or

virtual space where there is exchange. of goods

or services

supply is the quantity of products that

are offered at a certain price in a

market

demand refers to the quantity of

products or services that people

request for which they are

willing to pay

price is the value that is given to a

product or service one way to

allocate it is by adding Its cost of

pr Production plus a profit margin

for whoever sells it Another way of

assigning the price is to take as a

reference the value of

similar products that are already on sale

The second branch It is macroeconomics that,

unlike the previous one, studies the

behavior of large agents already Whether

at the regional or national level, its

variables are

the gross domestic product, it is the

total value of the final goods and services

that a country produces in a given time.

Generally, one year

the gdp works as an indicator if

it grows compared to the

previous year It means that the

country's economy is growing.

This can attract national

or foreign investment that generates more

employment opportunities. On the contrary,

if the GDP decreases, it can lead

companies to make the decision to cut

expenses and reduce investment.

Monetary policy refers to the

strategies used by the

corresponding authorities of each country, which

are mostly the central banks to

keep inflation and unemployment at stable levels

by controlling

the production of money

inflation is the increase in the cost of

products at a certain time, it

mainly occurs when the

monetary authority of a country makes

extra money due to having

excessive economic resources people

consume more products exhausting their

stocks

if more are not produced to satisfy

this demand price increases are generated

another cause of inflation is the

increase in production costs

of goods or services in this case

the price increase occurs to

that companies can obtain their profit margin

fiscal policy are the strategies for

managing income, expenses and

financing that the government

of each country carries out to generate its resources and

encourage a good performance of the

economy

taxes are the main way in

which the government obtains its resources

consists of an amount of money But

each person, family or company must

pay to pay for public services

.

There are two types of direct taxes, they are

those that fall on the person or

company. Indirect, they are imposed on

products and services that are obtained

through a purchase.

The economy as science helps. to

explain the cause of various

situations that all

people and societies go through

throughout their lives

by understanding why these phenomena happen,

you will be able to make a better

decision that benefits you in the future