Keyword: foreign economies

Circular Flow (transcript) (11/18/2010)

The circular flow diagram captures the big picture of how different sectors of an economy are connected to one another by flows of money and goods.

Keywords: circular flow, closed economy, consumption, exports, factor markets, financial markets, firms, foreign economies, government purchases, households, imports, income, injection, investment, leakage, net taxes, open economy, product markets, saving