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I want to buy this but I know nothing about economics!
Private property, specialization, voluntary exchange, price systems, market competition, and entrepreneurship.
You should know there are six pillars.
These hold up the economy and are the only reason businesses and other things stay afloat so you can buy these awesome magazines!
Cash flows and resources flow! Resources go from households to businesses.
Products go from businesses to houses.
And the government helps too! They probably even paid for this bench, this sidewalk and the street next to us!
Aw, jeez this is really confusing!
Just keep listening and you'll get it! Don't worry.
Money has many uses, as it allows for easy transactions and a store of value. There is also bartering though, a system that lets you trade goods for goods!
Thanks man, this helped a ton!
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