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© 2002 Prentice Hall Business Publishing © 2002 Prentice Hall Business Pu blishing Principles of Economics, 6/e Principles of Economics, 6/e Karl Case, Ra !air Karl Case, Ra !air "he #tu$ of Economics "he #tu$ of Economics % Economics Economics is the stu$ of is the stu$ of ho& in$i'i$uals an$ societies ho& in$i'i$uals an$ societies choose to use the scarce choose to use the scarce resources that nature an$ resources that nature an$ pre'ious generations ha'e pre'ious generations ha'e pro'i$e$( pro'i$e$(
