Thursday, February 13, 2014
Economics 101
In the economic world I learned about the circular flow chart. The circular flow chart makes out world and our community. It's a quite beautiful creature. It really helps explains the market today. The person is offering there labor which is a factor. The businesses need that labor to produce the product which is sold back to the individual. It's awesome. The money goes the opposite way. The individual buys the products and that goes to the business to pay for the labor and it goes back to the individual. That's what I learned this week! Cya world ☺️
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Haha this is definitely a simple way to look at it, and I like it. "A beautiful creature" it is, indeed! I also enjoyed the circular flow chart stuff and found it pretty simple.
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