Template Community / Household Circular Flow Diagram

Household Circular Flow Diagram

Share
Duplicate
10
1
Report
Publish time:06-29-2021
The circular flow chart also explains how money flows in the economy. Though there are many elements present in the economy, a circular flow diagram between a household and business firms can provide a glimpse of the more significant scenario. In the example, the circular flow chart shows how the business offers goods and services to households through product markets. The households become the supplier of labor, land, and capital for the business through factor markets.
Creator
profile image
Vickie
profile image
Post
Recommended Templates
Publish
Your
Diagram