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Circular Flow of a Mixed Economy
47
Transcript
MIXED
Unused Government Land, Surplus
Ex. For Labor... Teachers,
Soldiers,
Policemen,
Elected Officials
The Government
Fees -
Postage,
Visiting Landmarks
Jets, Tanks, Staplers, Chairs, Computers, Office Supplies
etc...
Police, Parks, Post offices, Education
Circular Flow
Factor Market
In a Market Economy
Firms
Households
Product Market
Factors of Production
Taxes
Goods & Services
$$$
$$$
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