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How money changes hands!

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Page 1: How money changes hands!. In the Circular Flow Model there are 2 groups: Households (the people) Firms (companies and businesses)

How money changes hands!

Page 2: How money changes hands!. In the Circular Flow Model there are 2 groups: Households (the people) Firms (companies and businesses)

In the Circular Flow Model there are 2 groups:Households (the people)Firms (companies and businesses)

Page 3: How money changes hands!. In the Circular Flow Model there are 2 groups: Households (the people) Firms (companies and businesses)

Households need goods and services so they give their money to the firms.

Firms then give the goods and services to the households.

Page 4: How money changes hands!. In the Circular Flow Model there are 2 groups: Households (the people) Firms (companies and businesses)

Household

Firms

Money given to

firms

Goods and

services given to househol

ds

Page 5: How money changes hands!. In the Circular Flow Model there are 2 groups: Households (the people) Firms (companies and businesses)

Resources that firms need include labor, capital and land.

These are supplied by the households in exchange for their salary or wages!

Page 6: How money changes hands!. In the Circular Flow Model there are 2 groups: Households (the people) Firms (companies and businesses)

Household

FirmsMoney

given to househol

ds

Resources given to firms

Page 7: How money changes hands!. In the Circular Flow Model there are 2 groups: Households (the people) Firms (companies and businesses)

Household

Firm

Money given to

firms

Goods and

services given to househol

ds

Money given to househol

ds

Resources given to firms


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