Episode #26 What is Economics?

What is economics? Is it all about money, trade, banking, the Stock Market? Today Mr. Palumbo attempts to explain a subject that very few people seem to understand. By sharing basic economic terms like wants, needs, scarcity and value, Mr Palumbo tries to illustrate how anyone can predict the future if he or she understands human nature and how people, businesses and corportations react to things that happen around them, especially government intrusion.