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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

General welfare

Neglect by-effects Part II.

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

Economic growth

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

Market economy

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

Expensively Part III.

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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