This book is an introductory text, presenting some basic concepts of economics and its theories. It has been written primarily to help the students and research workers in the area of social sciences in understanding the economics.

An understanding of the concepts and terms of economics is essential for the students in social sciences for those who wants to know the basic economic laws and their functions as glimpse. It has been the intention of the author to keep book at a readable level appropriate for the students, who do not have basic idea oneconomics. This book can serve the comprehensive reference source to economics.