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:
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Answer:
The seven steps a state budget must go through in order to go into effect include:
1. The State comptroller has to inform the State legislature of the revenue available to the state.
2. The State agencies will then give to the legislature the account of their expenditures and what they need in the fiscal year.
3. The Legislative board in charge of budget affairs swings into action and forms a synergy with the governor’s office in the budget preparation.
4. The Budget is presented to the both chambers of the legislature as a bill.
5. The both chambers then scrutinizes it after which the house passes the budget bill
6. The bill moves back to the Executive arm of government for implementation and is certified by the state comptroller
7. The Bill is signed by the governor and it becomes valid and goes into effect( disbursing of the money to the various state agencies, etc).
Answer:
Bering Land Bridge
Explanation:
I am almost positive that is the one.
<span>mobilization of the country's entire population and economy to produce the soldiers, food supplies, ammunitions and money necessary to win the war. </span>
