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TABLE OF CONTENTS Part I.
Ten main ideas of an economic science
Stimulus influence behaviour of people
It is necessary to pay for all
Trade is always useful
Obstacles harm to trade
Incomes are defined by manufacture
Four sources of growth of incomes of the population
The personal income is compensation for the services rendered by another
The profit induces business to work on public welfare
Principle of "an invisible hand": market prices direct a personal interest on
Seven sources of economic progress
Private property: people work more assiduously and more rationally use
Resources when the property is private
Freedom of exchanges: the political measures interfering exchanges, constrain
Competition: competition forces to use with the maximum benefit
Resources also is a constant source of progressive innovations
The capital market: that it is rational to use the resources, the country
Should have the mechanism of a direction of the capital in effective manufactures
Financial stability: inflation deforms price signals and undermines
Low taxes: the more means remains at the disposal of people, the
More they make
Foreign trade freedom: the country wins, selling the goods, which
Makes cheaply and buying on this money the goods which it to make
Economic progress and state role
The state protecting the law and order and giving the blessings, which
The society cannot receive "in the market", promotes well-being of all
The countries, BUT...
The state - a plug not for everyone flanks. It cannot be
It is used for correction of all lacks of a society
The price of the state taxation
Groups of interests can use the political mechanism of the state,
To gather tax bearers and consumers
The state creates often budgetary deficiency menacing to economy
Redistribution of means of a society by the state promotes them
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