Circular Flow

0.0(0)
studied byStudied by 3 people
0.0(0)
full-widthCall Kai
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
GameKnowt Play
Card Sorting

1/9

encourage image

There's no tags or description

Looks like no tags are added yet.

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

10 Terms

1
New cards

Resource Market

Income is exchanged for Resources / Households sell and Businesses buy

2
New cards

Product Market

Goods and Svc are exchanged for expenditures / Businesses sell and Households buy

3
New cards

Businesses

Demand/buy Resources and Supply/sell Goods and Services

4
New cards

Households

Demand/buy Goods and Service and Supply Resources

5
New cards

Flow of the Product

Households provide the resources that produce the goods services

6
New cards

Flow of Income

Businesses provide the income that the households use to buy the goods and services

7
New cards

If society spends 100%

The economy stays constant

8
New cards

If society spends less than (>) 100%

The economy grows

9
New cards

If society spends more than (<) 100%

The economy contracts

10
New cards