Learning Objectives:
-Understand the circular flow of income and output.
-Create your own circular flow model. **Be able to explain to a classmate.**
Types of markets and a description of how the circular flow of income and output works.
Source: Glencoe Economics Today and Tomorrow, by Roger LeRoy Miller Ph.D.
Basics of Circular Flow Model in market economy.
Source: Jason Welker, YouTube video.
