Resources cfi animated

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ETEC 410 ppt for week 6.

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Resources cfi animated

  1. 1. ETEC 410<br />Resources and Circular Flow of Income<br />
  2. 2. Resources<br />Three Categories in Economics<br />
  3. 3. Resources<br />Land<br />
  4. 4. Resources<br />Labour<br />
  5. 5. Resources<br />Capital<br />
  6. 6. Resources<br />Also Known as<br />
  7. 7. Resources<br />Inputs<br />
  8. 8. Resources<br />Factors of Production<br />
  9. 9. Land<br />All Natural Resources<br />
  10. 10. Land<br />All Natural Resources<br />
  11. 11. Labour<br />
  12. 12. Labour<br />Human Effort and Work<br />
  13. 13. Capital<br />
  14. 14. Capital<br />Man Made Resources<br />
  15. 15. Factors of Production<br />Combine to Produce Goods and Services<br />
  16. 16. Macroeconomic Model<br />Most Basic Macroeconomic Model<br />Circular Flow of Income<br />
  17. 17. The Firm<br />Producer of Goods and Services<br />
  18. 18. The Household<br />Provide of Factors of Production<br />Consume Goods & Services<br />
  19. 19. Economic Model<br />Circular Flow of Income<br />
  20. 20. Simple Model<br />
  21. 21. Simple Model – with leakages and injections<br />
  22. 22. Three Sector Model<br />
  23. 23. Four Sector Model<br />
  24. 24. Credits<br />Flash Animations provided by<br />http://www.s-cool.co.uk/alevel/economics/aggregate-demand-and-aggregate-supply/the-circular-flow-of-income.html<br />

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