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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 364 |
Essay's paper body
To understand – look at what makes up the economy.
Simplest form is a 2 sector model – only two areas: households and firms. Households own resources – these are: ??? They get paid; make no savings (no investment [yet]). Two flows – EXPLAIN.
This model is always in equilibrium.
This is an unrealistic model, we don’t consume every dollar...
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To understand – look at what makes up the economy.
Simplest form is a 2 sector model – only two areas: households and firms. Households own resources – these are: ??? They get paid; make no savings (no investment [yet]). Two flows – EXPLAIN.
This model is always in equilibrium.
This is an unrealistic model, we don’t consume every dollar...
Essay fragment
General points of the essay
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