Loop Kindergarten

markets, households provide firms the inputs that the firms use to produce goods and services. The circular-flow diagram offers a simple way of organizing all the economic transactions that occur between households and firms in the economy. The inner loop of the circular-flow diagram represents the flows of goods and services between households and firms. The households sell the use of their labor, land, and capital to the firms in the markets for the factors of production. The…

mustn’t be afraid of Dominique." "I’m not afraid, but...Oh, is it ’Dominique’ already? My congratulations, Peter....I’m not afraid, it’s only that I can’t figure her out. No one can approach her. She’s never had a single girl friend, not even in kindergarten. There’s always a mob around her, but never a friend. I don’t know what to think. There she is now, living all alone, always with a crowd of men around and..." "Now, Guy, you mustn’t think anything dishonorable about your own…