Curated by
ACT
In a closed economy, goods and services are exchanged in product markets and factors of production are exchanged in factor markets. In this video [8:58], we explore how to model this in a straightforward way using the circular flow model.
3 Views
2 Downloads
Additional Tags
Resource Details
Start Your Free Trial
Save time and discover engaging curriculum for your classroom. Reviewed and rated by trusted, credentialed teachers.