Ten princiles of ecanomic

Principle 4:People respond to incentives
From this principle it can be understand that the role of incentives in the economy is great .Managers need to know how motivate employees , they are also responsible for the results of employers
How people interact
Principle 5:Trade can make everyone better off
Trade is the main source of economic development of countries. People see surplus products to the market and buy the products they need. Thus recourses are exchanged with in turn leads to specialization, and the same process takes place between countries.