FYI, Factor market: where factors of production such as labor, capital and resources are bought and sold. ( Is This How Our Audience Sees the Economy?
Banks Consumers Finished Producers Government Central Bank Raw producers
Banks Consumers Finished Producers Government Central Bank Raw producers
Banks Consumers Finished Producers Government Central Bank Raw producers Savings
Banks Consumers Finished Producers Government Central Bank Raw producers SavingsLoans
Banks Consumers Finished Producers Government Central Bank Raw producers SavingsLoansPrincipal, interest
Banks Consumers Finished Producers Government Central Bank Raw producers SavingsLoansPrincipal, interestTaxes
Banks Consumers Finished Producers Government Central Bank Raw producers SavingsLoansPrincipal, interestTaxes
Banks, financial markets Consumers Finished Producers Government Central Bank Raw producers Savings, investments Loans Principal, interest Taxes Money in/out Political influence
Consumers Finished Producers Government Central Bank Raw producers SavingsLoansPrincipal, interestTaxesMoney in/out Political influence Banks, financial markets
Numerous economic components missing. Numerous interrelationships missing. Just meant to give you a glimpse of how we view. Other economies work differently, China’s state capitalism, for instance. Each economy interacts with others globally. About 200 economies at the party. Economists looking for theory, efficiency, solutions, Nobels. Journalists look for simplified explanations, stories, Pulitzers.