Nice Diagram, but one little thing. Inside the center of the diagram, you could incorporate Government. The government gives expenditures to the resource market in exchange for resources. The government gives goods and services to the product market in exchange for expenditures. Lastly, the government gives goods and services to both firms and households in exchange for taxes. Other than that you're good.
Nice Diagram, but one little thing. Inside the center of the diagram, you could incorporate Government. The government gives expenditures to the resource market in exchange for resources. The government gives goods and services to the product market in exchange for expenditures. Lastly, the government gives goods and services to both firms and households in exchange for taxes. Other than that you're good.
ReplyDelete