Circular Flow Diagram
Transcript: The political direction and control exercised over the actions of the members, citizens, or inhabitants of communities, societies, and states. Imports Government transfers Gross Domestic Product (GDP) A group of people that share a dwelling and their income (a household may also consist of one person). The banking, stock, and bond markets, which channel private savings and foreign lending into investment spending, government borrowing, and foreign borrowing. Taxes Rest of the World Government Markets for Goods and Services Government borrowing Organizations that produce goods or servcies for sale. Miranda Mckenrick & Jordan Ferree Borrowing and stock issues by firms Private savings Foreign lending and purchase of stock Markets in which households buy goods and services from firms. Financial Markets Foreign borrowing and sales of stock Every country or nation except for the United States. Markets in which firms buy factors of production (resources needed to produce goods or services). Government purchases of goods and services Investment spending Consumer spending Households Exports Wages, profit, interest, rent Factor Markets Firms
Prezi Present
Prezi Video
Prezi Design
