[فتاة اقرأ]

Our inability to satisfy all our wants ……………………….

SCARCITY

2) It is a reward that encourages or a penalty that discourages an action. …………………………….

incentive3) A branch of Economics that

studies the performance of the national and global economies.

MACRO ECONOMIC

4) It is a social science that studies the choices that individuals , businesses , governments , and entire societies make as they cope with scarcity and the incentives that influence and reconcile those choices.

ECONOMICS

1. What are the real flows and money flows that run between households ,firms in the circular flow model.

REAL FLOW

They are :

The flows of the factors of production that go from households to firms
.
The flows of goods & services that go from firms to households

MONEY FLOW

They are:

The flow of payments made in exchange for the services of factors of production (payments from firms to households).

The flows of expenditures on goods& services (expenditures from households to firms


الرسمة اعتذر عن وضعها راح تلاقيها في السلايدات ^__^