The Circular Flow of the

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Presentation transcript:

The Circular Flow of the Economy

Males = Households Start with Resources Sell your resources to the businesses for as high a price as you can Use this money to buy as many ECONOS (from the businesses) as you can The male with the most goods & services (ECONOS), wins! Females = Businesses Start with Money Buy complete sets of resources for as low a price as you can Turn in each complete set of resources to me in exchange for ECONOS (Goods & Services) Sell these Goods & Services (ECONOS) to the households The female with the most $ in the end wins!