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explaining circular flow Identify the primary economic decision makers. Describe how money and resources are exchanged in the resource market, indicating: Who gets the resources?

  • explaining circular flow
  • Identify the primary economic decision makers.
  • Describe how money and resources are exchanged in the resource market, indicating:
  • Who gets the resources?
  • Who gets the income?
  • Describe how money, goods, and services are exchanged in the product and services market, indicating:
  • Who receives the goods and services?
  • Who gets the income?
  • Are there any other participants in an economy that are not represented in this simple model.

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