Ever wondered how big businesses like Wal-Mart and Microsoft dominate their industries? Why do corporations exist and how do they contribute to economic activities? How does competition impact businesses and consumers? Want to trace the progression from the mercantilists' focus on national power to the free market ideas of Adam Smith and David Ricardo? Dive into the fascinating world of business dynamics, monopolies, government regulations, and anti-trust laws. Discover how the interplay of these factors shape the operations of businesses and the overall economic efficiency.;
Thomas Sowell is a distinguished American economist, social theorist, and senior fellow at Stanford University's Hoover Institution. Renowned for his clear and concise approach to economics, he authored "Basic Economics: A Citizen's Guide to the Economy," a widely acclaimed work that simplifies economic principles and practices for the general public. Sowell's expertise spans across various economic policy issues, and he is a prolific writer with numerous books, articles, and columns to his name, making economics accessible and relevant to everyday life.
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