Circular Flow Matrix- How the economy works
4:57
YouTubeJacob Clifford
Circular Flow Matrix- How the economy works
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 ...
1.2M viewsDec 16, 2015
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