• 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.

Goods and Services Wages, Salaries, and Benefits Households Firms Labor Services Payment for Goods and Services