Households (Individuals)

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Presentation transcript:

Households (Individuals) Circular Flow Goods and Services Goods and services S D Q P Goods Market Personal Cons Expenditure $ Revenue $ Q P Households (Individuals) Business Firms (Mouse Click to Advance) Role: Producers hire resource (Mouse Click to advance) (Mouse Click to advance) (Mouse Click to advance) (Mouse Click to advance) (Mouse Click to advance) (Mouse Click to advance) (Mouse Click to advance) Roles: A. Resource owners Price Resource Resource Market B. Consumers $ Expense Resource hired $income S Resource offered D N P Mouse click for next slide © L Reynolds, 1999

Households (Individuals) Circular Flow (Mouse Click to Advance) (Mouse Click to Advance) (Mouse Click to Advance) Goods and Services Goods and services S D Q P Personal Cons Expenditure $ Revenue $ Q P Government Households (Individuals) Business Firms Taxes Gov’t Purchases & transfers Role: Producers hire resource Roles: A. Resource owners B. Consumers $ Expense Resource hired $income S Resource offered Price D N P Finis Resource © L Reynolds, 1999 Mouse click to end show, use back button on browser to return to web

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