Circular Flow Model

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Circular Flow Model 作者: Mind Map: Circular Flow Model

1. Households

1.1. Individuals or groups living together

1.2. @ 121 million in the US

2. Firms

2.1. organize the production of goods & services

2.2. @ 28 million firms in the US

3. Factor Markets

3.1. Where the services of factors of production are bought & sold

3.2. Factors of Production

3.2.1. Natural resources

3.2.2. Labor

3.2.3. Capital

3.2.4. Entrepreneurship

4. Goods Market

4.1. Markets where goods & services are bought & sold