Figure 2.4 shows the flows that result from these choices made by households and firms. The flows

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Figure 2.4 shows the flows that result from these choices made by households and firms. The flows shown in orange are real flows: the flows of the factors of production that go from households through factor markets to firms and of the goods and services that go from firms through goods markets to households. The flows in the opposite direction are money flows: the flows of payments made in exchange for the services of

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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