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Circular Flow Matrix
2
Income(wages,rent, interest)
Costs
Circular Flow Matrix
Factors of Production
Land, Labor, Capital, Entrepreneurship
Alyssa Smith
Buys Resources
Government Spending
Public goods
Subsidies
Government Spending
Buys Goods & Services
Click on the circles to learn about each factor.
Goods & services
Goods & Services
Revenue
Consumption Expenditure
Business
Businesses
Sellers of goods and service through the product market.
Factor Market
Factor Market
Households sell resources to businesses, who turn them into products.
Households
Through the product market, households are the ones that purchase goods and services from businesses.
Households
Product Market
Product Market
Here goods are sold to the consumers from the producers(businesses).
Government
The government is the "heart" of the system, they distribute money, collect taxes, and are responsible for providing goods and services.