“The circular flow economic's need help soon as please ?
“The circular flow model shows how real resources and financial payments are exchanged between firms and households.” (Begg, Fischer & Dornbusch)
I am very stuck on this, it would be very helpfull if some one could help me SAP got deadline soon.
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http://www.culturaleconomics.atfreeweb.com/111%201...
That is what you are looking for.
Each line is explained for you, e.g., households sell labor to firms on the factor market in exchange for wages, which they use to buy goods and services from firms in the goods market.