This site uses an interactive Circular Flow Model to show the flow of payments for the factors of production (rent, wages, and interest) along with payments for finished goods and services. Questions are provided which ask the user if a...

A summary of the circular flow model which demonstrates the interdependence of households and firms in a market system.

This site gives a description and has a picture of a circular flow diagram. Description is well-written and easy to understand. A good overview of the flow of goods and services.

Explains how resources, goods and services, and payments flow through the economy using the economic model of circular flow.

A diagram and explanation of the circular flow of money.

In this lesson summary review and remind yourself of the key terms and calculations used in describing the output of an economy. Key topics include the expenditures approach, income approach, and value added approach to calculating GDP...

By the end of this section, you will be able to interpret a circular flow diagram, explain the importance of economic theories and models, and describe goods and services markets and labor markets.

This is a list of economics key terms and definitions used in Chapter I: Welcome to Economics! of the TEA AP Macroeconomics online text.

While precise numbers are not known, it is believed the number of boycotts has grown markedly in the past fifty years. Consumers seem to be besieged by requests from special interest groups to refrain from buying certain goods and...

Read about Gross Domestic Product (GDP) and how we measure it.