The Circular Flow of Income and Expenditures
Watch this lecture on the circular flow of income and expenditures in a closed economy. Note that goods and services are exchanged in product markets, and factors of production are exchanged in factor markets.
Source: Khan Academy, https://youtu.be/Hfz1bwK5C4o This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License.
Last modified: Monday, May 13, 2024, 1:25 PM