Lesson 4 - Circular Flow of Income
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Starter question: Why is it possible to be both a consumer and a producer? |
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Aim: To understand and explore the 'Circular flow of Income' model |
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Today's task:
Construct your own simple 'Circular Flow of Income' model Write your own example of the relationship between producers and consumers (one will be modelled for you in class) |
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Using your real life example of the relationship between producers and consumers, try constructing your own simple 'Circular Flow of Income' based on this
Define the following and provide an example of each:
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