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Novosadov [1.4K]
2 years ago
7

5. Think of a good or service you have recently bought. Using the circular flow model as a guide, write an explanation

History
1 answer:
Dennis_Churaev [7]2 years ago
5 0

An economic model that depicts how money moves across the economy is the circular flow model. Businesses need resources to generate the goods and services that households and households buy.

What is economy?

The mechanism through which a nation or region organizes its money, industry, and trade is concerned to as its “economy.”

The most popular version of this model displays the circular flow  of revenue between the consumer and business sectors. The product market and the resource market are placed between the two.

Consumer spending is the mechanism through which households' money flows to the market for goods and services when they are in need of them. The product market purchases goods and services from companies and sells them to households, making a profit.

As a result, in the circular flow of the economy, money is utilised to purchase goods and services.

Learn more about on circular flow model, here:

brainly.com/question/11324259

#SPJ1

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Why was the world created ? in hinduism creation myth
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<span>Here is a short summary of the creation process as described by the Vedic sages.Creation always goes from subtle to gross, or from psychic to physical. Like, if a human being wants to create a sky-scraper or an F-16, it begins with an idea in the mind. It begins with the most subtle - thinking - then calculations and planning, then drawings, and then the most gross (ie. physical) takes place, when the ingredients are being collected and assembled.In the same way the Lord creates the material world. Actually Krishna Himself doesn't deal in the petty details of creating, maintaining, and destroying the material world. First Krishna expands as Balaram, then Balaram expands as Vishnu, and then Vishnu expands as Maha-Vishnu, and it is that form of Vishnu who manifests the universes through His breathing.Vishnu then enters into each and every one of the universes, and creates Brahma, the first created living being, who is a soul like you and I, and this Brahma then creates all the varieties of bodies, oceans, mountains, trees, insects, plants, etc. in the universe. So Vishnu provides the ingredients, then Brahma assembles them. The soul is an atomic particle of Krishna's consciousness. It is not created, It has always been an emanation from God, like rays emanating from the sun. Vishnu animates the creation of Brahma by glancing over it, and infusing it with living sparks - souls.So first of all there is pradhana - the un-manifested material energy of God. Then, when Krishna agitates the pradhana in His form as Time, the matter is produced. The first element of matter is ahankara, false ego, the most subtle of the 8 material element. False ego produces ether or space, and from that comes sound - the inherent quality of space. Space then produces air and its qualities - touch and sound. Air then generates fire and its qualities of form, touch, and sound. Fire generates water and its qualities of taste, form, touch, and sound, and then the final element of earth and its qualities of aroma, taste, form, touch, and sound is created.In this way the world and its elements are created from the touch of God in the form of time on the unmanifested material energy - pradhana. But none of all this is animated before Maha-vishnu infuses the creation with souls - living sparks. The manifested world is comprised of 24 elements.The 24 elements are: space, air, fire, water, and earth. The five objects of the senses - sound, touch, form, taste, and smell. The five knowledge-acquiring senses - ears, skin, eyes, tongue, and nose. The five working senses - hands, legs, speech, anus, and genitals. And then the three subtle or psychic elements - mind, intelligence, and false ego. That makes 23 elements, and the final element, totaling 24, is the jiva or the soul.Then there are also 3 energies or qualities that agitate matter, and they are sattva-guna, the quality of goodness; raja-guna - the quality of passion, and Tama-guna - the quality of ignorance. Goodness produces maintenance, passion produces creation, and ignorance produces destruction.All living entities have bodies that are a mixture of these 3 modes of nature. Every situation, every material manifestation is a mixture of the three modes of nature. Just like all colors and shades of colors are produced from three primary colors – red, yellow andblue - so any situation, result, body, mentality, place, or any manifestation at all, are produced from the 3 modes of material nature.Knowledge of how the modes of nature work and their manifestations are elaborately explained by Krishna in the Bhagavad Gita and the Bhagavat Purana.This knowledge is scientific and will enable a student to correctly discern, understand, and predict anyone's nature, actions, and fate.
I hope this helps!
Good day to you.
-Niko
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