Macro Unit 2: Economic Indicators and the Business Cycle - Circular Flow Matrix- How the economy works

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Summary

Keywords

Circular Flow Models Economics econ factor payments product market economy Circular Flow Of Income Macroeconomics (Field Of Study)

Full Transcript

In this video I explain the Circular Flow Matrix and how products, resources, and money flow in a market economy. I also define the factors of production, public sector, and factor payments. Keep in mind that households and businesses both demand and supply. Thank you for watching. Please subscribe and let me know if you want me to cover anything. Next Video- https://www.youtube.com/watch?v=KPpmAUk1olA I'm Jacob Clifford and I have helped thousands of students understand economics. This YouTube channel has over 300 videos explaining all the key concepts and graphs of micro and macroeconomics. Be sure to subscribe and check out the economics review app for your smartphone. Thanks for watching. You rock! Need help? Check out the Ultimate Review Packet for FREE: https://www.acdcecon.com/review-packet

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