Standard: a. SSEMI1 The student will describe how households, businesses, and governments are interdependent and interact through flows of goods, services,

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Standard: a. SSEMI1 The student will describe how households, businesses, and governments are interdependent and interact through flows of goods, services, and money. a. Illustrate by means of a circular flow diagram, the Product market; the Resource (factor) market; the real flow of goods and services between and among businesses, households, and government; and the flow of money Essential Question: How do societies reflect their values and goals through their economic systems? Warm up: Have your study guide out and study!

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