Principles of Economics by Timothy Taylor (3rd edition)

Principles of Economics, Economics and the Economy by Timothy Taylor (3rd edition) is the third edition of the college textbook, titled Principles of Economics, Economics and the Economy, written by Timothy Taylor and published by Textbook Media.

Glossary

• Economy. The social arrangements that determine what is produced, how it is produced, and for whom it is produced.
• Economics. The study of the production, distribution, and consumption of goods and services.