Macroeconomics is interested in how the economy works overall. The circular flow diagram is a basic model used in economics to show how an economy functions.
Individuals who consume goods and receive wages from firms.
Economic flow chart. This flow chart diagram illustrates how governments households corporations and international enti. Supports over 40 diagram types and has 1000 s of professionally drawn templates. Markets for goods and services.
Hope it is of some use for others. May 10 2007 150 9. Companies who pay wages to workers and produce output.
Creately is an easy to use diagram and flowchart software built for team collaboration. This is a subject that is of great in. You can edit this flowchart using creately diagramming tool and include in your report presentation website.
Circular flow of income. The best macroeconomics books to learn macroeconomics. In the very basic model we have two principal components of the economy.
A flowchart showing 6 01 economics. 6 essential time management skills and techniques. Here is a basic flowchart for the pon economy as i understand it so far.
How an educator uses prezi video to approach adult learning theory. The circular flow of economic activity is a model showing the basic economic relationships within a market economy. A series of current and historical charts tracking u s.
One of the main basic models taught in economics is the circular flow model which describes the flow of money and products throughout the economy in a very simplified way. The circular flow of income diagram models what happens in a very basic economy. The model represents all of the actors in an economy as either households or firms companies and it divides markets into two categories.
Employment gdp inflation rates housing consumer spending and much more. It illustrates the balance between injections and leakages in our economy. It does not capture all of the detail but it does i think show generally how things move around in the system.
Primarily it looks at the way money goods and services move throughout the economy.