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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Lincoln and Lee shared this idea --> The world will remember those who died fighting for freedom.
Both European Societies and Japanese Samurais had and hereditary system of classes. The warriors were the most important class in both of them, in Japan called samurai and in Europe called knights that served the lords of the local, and had some codes about moral an ethic.
Knights had a military rank, Samurais did not.
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well the president well becomes president, they walk for the ceremony to the white house
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