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Household sector: earn goods
From sector pay the income
Land: owned by both firms and households
Labour : work force; people in the household offer their labour to firms and return their income.
Capitol: money,
Entrepreneurship; owner, starting up a business, willingness to take a risk to start a business.
Goods: anything that is made to be sold
Finance sector; you refer to the bank
Government sector; refers to the government, people who make laws
Overseas sector, everyone that is overseas.
Our economy in a nutshell, means that households gives firms Capitol, land, entrepreneur, and money, and in return firms gives households goods and services.
leakages: leaking money
Questions
1: injections would be that the top of the tank and leakages would be at the bottom of tank
2: the effect on our economy by having leakages and injections
Is that we gain goods but clasp we lose it at the same time.
The fish represents us as households.
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