Simulation demonstrating the circular flow of money and resources in a market economy.

2.  To Understand the relationship between
households and business in a market
economy.

3.  Goal = sell businesses your resources to get
Money
 Buy ECONOS with earnings
 Most ECONOS wins
 Suggested Resource Price = $50 to $300

4.  Goal = earn profit by supplying goods and
services at the best price you can negotiate.
 Buy Resources from Households
 Exchange Resources for ECONOS
 Sell ECONOS for profits
 Most PROFIT at the End Wins
 1 Human, 1 Natural, 1 Capital Resource = 1
ECONO

5.  Two Resources for $100 = $50
 Two Resources for $300 = $150
 Five Resources for $300 = $60

6.  How do individuals and families in
households depend on people in businesses?
 How do businesses depend on individuals and
families in households?

7.  Economic Interdependence – actions in one part of the
country or world have an impact on what happens else
where.
 Markets – location or other mechanism that allows buyers
and sellers to deal in a certain economic product
 Factor Market – market where productive resources are sold
(factors of production)
 Product Market – market where producers offer goods and
services.

8. Revenue Spending
Product Market
Goods & Goods &
Services sold Services
(Econos) bought
Firms Households
Inputs for Labor, land,
production and capital
Factor Market
Wages, rent, Income
and profit