Circular Flow of Economic Interdependence

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Circular Flow of Economic Interdependence Relationship between various factors in economies Michael Quinones, NBCT www.socialstudiesguy.com

APK [Activation of Prior Knowledge]: Write at least 3-5 sentences about everything it would take for this product to make it to your living room. http://www.hdtvxbox360.com/wp-content/uploads/2006/09/sony_bravia_40_lcd.gif

How does the Circular Flow of Economic Interdependence work? Essential Question How does the Circular Flow of Economic Interdependence work?

How does this one work? http://www.socialstudieshelp.com/Images/circflw4.jpg

How does this one work? http://www.culturaleconomics.atfreeweb.com/111%20114%20MBB%20Macro%20Graphics/Macro/Fig%202.6%20Circular%20Flow%20Simple.jpg

How does this one work? Entropy- loss or waste of something. http://www.t21.ca/economic/MacroscFig16.gif

Assignment: Create your own flow chart Assemble into pairs and select a note card with a product Decide what resources, ingredients, parts, materials or components it needs/contains Create a detailed economic interdependence flow chart that describes/explains how your product comes to market and how you got it Be sure to include at the very least: household/consumption, government, product/factor and business [you may include foreign sector if you wish]