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For this assignment please address the following in a written essay (Microsoft Word document) concerning the circular flow model: Identify the primary economic decision makers.
For this assignment please address the following in a written essay (Microsoft Word document) concerning the circular flow model:
- 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?
- In addition, give a brief description of any other participants in an economy that are not represented in this simple model.
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