Who owns all economic resources?, Households, Businesses , Who are the sellers in the resource market, Households, Businesses, What do households get in return for selling their resources?, Revenue , Income , In what market do businesses buy the resources they need to produce a good or service?, Resource Market, Goods and Services Market , What do buisnesses receive for selling their goods and services to households? , Costs, Revenue, When you go to grocery store and buy what you need to make dinner what market are you in?, Goods and Services Market, Resource Market, When you buy shoes what market are you in?, Resource Market, Goods and Services Market , When you working at a daycare for income what market are in?, Goods and Services , Resource Market, In what market would you buy the land needed to grow corn?, Resource , Goods and Services, What keeps the circular flow model moving?, Money, Resources, What is NOT a resource?, Money, Water, What is an example of a natural resource?, Tree, Assembly Line, Farmer , Who manages land, human, and capital resources?, An entrpreneur, A business.
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Circular Flow Model
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