Evelyn's AP Macroeconomics Blog
Tuesday, January 31, 2017
Unit 2: Circular Flow 1/26/17
Circular Flow model
: Represents the transactions in an economy by flows around a circle.
Household:
A person or group of people that share an income.
Business/Firm:
An organization that produces goods & services for sale.
No comments:
Post a Comment
Newer Post
Older Post
Home
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment