For this assignment please address the following in a written essay (Microsoft Word document) concerning the circular flow model:

  • Identify the primary economic decision makers.
  • Describe how money and resources are exchanged in the resource market, indicating:
    • Who gets the resources?
    • Who gets the income?
  • Describe how money, goods, and services are exchanged in the product and services market, indicating:
    • Who receives the goods and services?
    • Who gets the income?
  • In addition, give a brief description of any other participants in an economy that are not represented in this simple model.

Make sure to use well-developed paragraphs to fully explore and explain your opinions and ideas.

  • Essay should include a minimum of 500 words

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