#circular flow model

[9/10/18] 21/100 days of productivity

Here are today's articles- now we're getting into talking about the role of markets in the economy:

The Circular-Flow Model of the Economy

Introduction to the Supply and Demand Model

Monday through Thursday, I will post an Econ 101 article (or two) for you to peruse. On Fridays, I will post some practice problems that relate back to the week's material so that you can play with them over the weekend. If you get behind, you can see all of the articles one at a time via the Econ 101 of the Day category archive, or you can look at the overall list of articles here or directly on About.com. You can also check out the Economics Classroom page for lots of useful stuff.

Here are some relevant graphs!  Supply and Demand!

Quick Clarification

Capital Goods are goods/products that satisfy needs indirectly, e.g.  a robot that makes you pizzas when you are hungry. (investments)

Consumer Goods are goods/products that satisfy needs directly, e.g. a pizza if you are hungry.