Outline the flow of goods and resources to and from economic decision makers One way to understand how the economy works is the circular flow model. This model demonstrates the flow of resources, goods, services, and income between households and business through the resource market and the market for goods and services. In a few paragraphs, please:
1) Describe how money and resources are exchanged in the resource market, indicating Who gets the resource Who gets the income (175 words)
Refer to the Circular Flow model resources provided below:
The Circular Flow Diagram;http://econperspectives.blogspot.com/2008/04/circular-flow-diagram.html
Circular Flow of Economic Activity: The Flow of Goods, Services & Resources
http://study.com/academy/lesson/circular-flow-of-economic-activity-the-flow-of-goods-services-resources.html