Salient Features of India constitution especially power and functions
Case Artifact 3
1. The Circular Flow Model of Market Economy A presentation by: Jake Weatherred
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4. Consumers These are represented by people, in essence every person who has any money is a consumer, and after receiving money from factors of production (employment), consumers reciprocate the cycle by spending their own dispensable income on goods and services. Once again I apologize for the lack of information, students would be expected to provide much more in depth information in their own presentations.
5. Producers These people are also consumers in their own rights, but production is their form of employment, once they receive money from other consumers in return for their goods and services producers reciprocate the model by spending their own dispensable income on goods and services for themselves. Once again I apologize for the lack of information, students would be expected to provide much more in depth information in their own presentations.
6. Circular flow of income video In this section students would show a portion of this video to illustrate their points
7. Circular, reciprocal nation of the model It is important to not that all actors are important in the model and without one of the three parts the model would fall apart. Each facet of the model depends on the other
![Three Parts of Circular Flow Model Factors of Production- ex: land, labor, capital, and entrepreneurship Consumers- ex: you and me Producers- ex: business ,[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)