What are the ten economic principles and why are they important to the stock market?

What are the ten economic principles and why are they important to the stock market?

 

Solution

The 10 economic principles stated are as follows:

People face trade-offs
The cost of something is what you give up to get it
Rational people think at the margin
People respond to incentives
Trade can make everyone better off
Markets are usually a good way to organize economic activity
Governments can sometimes improve market outcomes
A country’s standard of living depends on its ability to produce goods and services
Prices rise when the

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