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:
Explanation:
The little guys were FBI, NASA, national park service, energy, natural resources and environment.
The category in the preamble were part of the little guys such as national park service and natural resources and environment falls under Prosperity, preserves nature while the FBI, NASA and energy falls under General welfare, helps for general knowledge/world.
The preamble objective addressed by the little guys are as follows.
FBI : the main preamble goal is to establish justice which may be done through investigating crime e.t.c
NASA : the preamble goal is in respect of common defense, which may be done or achieve through technology.
National park service : it objective is in respect of general welfare through outdoor recreation which helps in physical and mental health.
Energy : also about general welfare.
Natural resources and environment : it involves achieving of clean air and water which are safe for inhabitants.
Answer:
An important question then, with respect to scientific change, regards how “science” is constructed out of scientists, and which unit of analysis – the individual scientist or the community—is the proper one for understanding the dynamic of scientific change?
Explanation:
Europe knew that it only had limited resources so they decided to go the smart route and get people to work together and plan
Answer:
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