One way to understand how the economy works is the circular flow model. This model demonstrates the flow of resources, goods, services, and income between households and business through the resource market and the market for goods and services. In a few paragraphs, please:
Identify the primary economic decision makers.
Describe how money and resources are exchanged in the resource market, indicating
Who gets the resources
Who gets the income
Describe how money, goods, and services are exchanged in the product and services market, indicating
Who receives the goods and services
Who gets the income
In addition, give a brief description of any other participants in an economy that are not represented in this simple model. Upload your work via a Microsoft Word document.