The Circular-Flow Diagram Revenue Market for Spending Goods Goods Services sold and services Goods Services bought Firms Households Inputs for Labor land production Market for and capital Factors Wages, rent, of production Income and profit Harcourt, Inc. items and derived items copyright o 200l by harcourt, Inc
Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. The Circular-Flow Diagram Firms Households Market for Factors of Production Market for Goods and Services Revenue Spending Wages, rent, and profit Income Goods & Services sold Goods & Services bought Labor, land, and capital Inputs for production
The Circular-Flow Diagram rms Produce and sell goods and services Hire and use factors of production Households Buy and consume goods and services Own and sell factors of production Harcourt, Inc. items and derived items copyright o 200l by harcourt, Inc
Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. The Circular-Flow Diagram Households Buy and consume goods and services Own and sell factors of production Firms Produce and sell goods and services Hire and use factors of production