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Personal Cons Expenditure

Circular Flow. S. Goods and services. Goods and Services. P. Revenue. Personal Cons Expenditure. P. D. $. $. Q. Q. Goods Market. Households (Individuals). Business Firms. Resource Market. S. Price. P. $ Expense. $income. D. Resource hired. Resource offered. N.

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Personal Cons Expenditure

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  1. Circular Flow S Goods andservices Goods and Services P Revenue Personal Cons Expenditure P D $ $ Q Q Goods Market Households(Individuals) Business Firms Resource Market S Price P $ Expense $income D Resource hired Resource offered N Resource (Mouse Click to Advance) Role: Producers hire resource (Mouse Click to advance) (Mouse Click to advance) (Mouse Click to advance) (Mouse Click to advance) (Mouse Click to advance) (Mouse Click to advance) (Mouse Click to advance) Roles: A. Resource owners B. Consumers Mouse click for next slide © L Reynolds, 1999

  2. Circular Flow S Goods andservices Goods and Services P Revenue Personal Cons Expenditure P D $ $ Q Q Households(Individuals) Business Firms Taxes Taxes Gov’t Purchases& transfers Gov’t Purchases& transfers S P $ Expense $income D Resource hired Resource offered N (Mouse Click to Advance) (Mouse Click to Advance) (Mouse Click to Advance) Government Role: Producers hire resource Roles: A. Resource owners B. Consumers Price Finis Resource Mouse click to end show, use back button on browser to return to web © L Reynolds, 1999

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