piigsty

Carrying on from #24, PIIGSty presents an additional (but equally important!) insight into this ever important issue. Now we turn and look at what factors affect the level of national income.

Heres the PDF PIIGSty Econ 101 #25 Factors Affecting NI

One of the most important concepts in economics is detailed in the following diagram on the circular flow of income. This explains how different sectors of the macroeconomy are linked and interact with each other from your average household to the workplace. How does money flow IN and what makes money flow OUT?

This entry was posted on Sunday, February 5th, 2012 at 21:08 and is filed under Economics 101. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.