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Published byFerdinand Houston Modified over 9 years ago
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FYI, Factor market: where factors of production such as labor, capital and resources are bought and sold. (www.investorwords.com) Is This How Our Audience Sees the Economy?
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Banks Consumers Finished Producers Government Central Bank Raw producers
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Banks Consumers Finished Producers Government Central Bank Raw producers
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Banks Consumers Finished Producers Government Central Bank Raw producers Savings
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Banks Consumers Finished Producers Government Central Bank Raw producers SavingsLoans
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Banks Consumers Finished Producers Government Central Bank Raw producers SavingsLoansPrincipal, interest
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Banks Consumers Finished Producers Government Central Bank Raw producers SavingsLoansPrincipal, interestTaxes
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Banks Consumers Finished Producers Government Central Bank Raw producers SavingsLoansPrincipal, interestTaxes
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Banks, financial markets Consumers Finished Producers Government Central Bank Raw producers Savings, investments Loans Principal, interest Taxes Money in/out Political influence
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Consumers Finished Producers Government Central Bank Raw producers SavingsLoansPrincipal, interestTaxesMoney in/out Political influence Banks, financial markets
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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.
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