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Circular Flow of Economic Interdependence
Relationship between various factors in economies Michael Quinones, NBCT
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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.
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How does the Circular Flow of Economic Interdependence work?
Essential Question How does the Circular Flow of Economic Interdependence work?
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How does this one work?
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How does this one work?
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How does this one work? Entropy- loss or waste of something.
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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]
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