Circular Flow Model - AP Micro
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12 Terms
1
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Businesses demand from…
resource market
2
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What do businesses demand?
resources for production
3
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What do businesses give?
wages or costs
4
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Businesses supply to
product market
5
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What do businesses supply?
goods and services
6
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What do businesses get?
revenue
7
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Households demand from…
product market
8
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What do households demand?
goods and services
9
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What do households give?
spending (buy/consume)
10
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Households supply to…
resource market
11
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What do households supply?
resources (land/labor/capital)
12
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What do households get?
income
Note 
Flashcards (41)