Circular Flow Diagram | Basic Microeconomics| Thinking Like An Economist

This video is created for educational purposes and especially made for Basic microeconimics class. I hope you enjoy the discussion, your comments and suggestions will be highly appreciated.

-Ms. Reyes

#economics #Circularflowdiagra, #thinklikeaneconomist

[gallardosharmaineagcaoili]

Natutunan ko po dito is kung pano umikot ang pera sa economiya at kung saan napupunta ang pera

[Karizuu_]

I've learned how to understand well how the economy works, such as finding some alternative ways to simplify our ideas, thinking, or our point of view through the use of the Circular Flow Diagram. I've learned that this model explains in general terms how the economy is organized and how the participants in the economy interact with one another. I've also learned that by learning this model, as a student, it'll be easy for me to understand and manage well my activities (such as in selling, buying, working, hiring, manufacturing, and others), and also be ready in the future.

[garciaflorencelaura]

I learned about the circular flow diagram explain the production possibility frontier is an economic model that depicts the various combination of two items or services that community could produce. That an economic model is a simplified representation of reality that allows us to observe, comprehend, and forecast economic phenomena.

[PhilippinesCelebrity]

I've learned from this lesson the circular flow mode demonstrates how money moves through society, when we are into the market of goods and services, factor market production firms are the buyers and household is the seller.

[delacruzelvirac.]

I've learned about that the topic of circular flow model of the economy, to shows how firms and household are linked through products and factor market, money is used to purchases goods and service and to understand how money moves within an economy.

[katkat]

learned kung paano umiikot ang money sa market, how the consumers trade money into something they want, from firms to household, from household to firm, from buyers to seller to factor market

[joanalyntoquero]

I learned here how money circulates in the market or economy. A circular flow diagram represents how money, goods, services move through our economy. Household and firms that interact in two market, the goods and services. It also shows how household and firms connect and how they function.

[ma.vanessajanevicto]

I learned on how money and services or goods move between entrepreneur and a firm and also on how we the buyers /seller to have a continuously improve our needs as the household.
In additional, as an entrepreneur we need to decide what we want to sell in household.

VICTO, MA. VANESSA JANE

[dejesusshania]

I learned how decision-makers and the market interact with one another. I observed how firms generate goods and services by utilizing the factors of production. We are the owners of the lands in a household, and we are entrepreneurs. I also discovered how the circular flow diagram depicts how money goes in an unending circle from firms to households and back.

[mendozazairel]

ive learned that it is the determination of prices in an economy happens in microeconomic markets. these include the labor markets, capital markets, goods and services markets. the study of how prices are formed in those markets is not included much in macroeconomic studies. rather, it is presumed and sometimes forgotten entirely by macroeconomists. consumption comes from income, and its part of the basic consumption/production cycle.

[obellojericho]

I learned that The circular flow model demonstrates how money moves through society. Money flows from producers to workers as wages and flows back to producers as payment for products. In short, an economy is an endless circular flow of money. ... Economists have added in more factors to better depict complex modern economies.

[barracascristinac.]

I learned how the money and goods and services flow. How the household and firm work and how they function. How the two decision maker which is household and firm spend money and produced goods.

[ronalyngulengmacedonio]

I've learned that the circular flow of income or circular flow is a model of the economy in which the major exchanges are represented as flow's of money, goods, and services etc. between economic agents.

[edrianmontefalco]

There are two Decision makers in the circular flow diagram, the Firm and the Household, who consumed the two markets which are the Goods and services & Factor Market.
Circular flow diagram explained the flow of money between household to firm and Firm to household.
When you referring the market of goods and services, the buyer is the household and the seller is the firms.But if you are referring to Market of production, the buyer is the firm and the seller is the household.

[montefalcoellamae]

I've learned that firms are the one who produce goods and services by the use of factors of production such as labor, land, raw materials, machineries and entrepreneurials. Households are the one who owns factors of production, that we can get all the inputs that we are looking. They are the one who consume the goods and services that the firms produced. Circular flow diagram also shows us how the Goods, services and money circulate in our economy.

[balcitarosakatrina]

Firstly The Circular Flow diagram, resources flow from households to businesses through the resource market and products flow from business to households through the product market. Opposite these real flows are monetary flows. Household receives income from businesses (their costs) through the resource market and businesses receive revenue from household (their expenditures) through the product market.

I've learned from this lesson, it explains the flow of money. It's also the labor and capital can be known as factors to firm that can produce goods and services. And than can be offer the firms from money in the firm of spending when purchased goods.

[marilyncastro]

I learned the household and firms are the two types of decisions makers and the two types of market is goods and services, and factor market.Firms are the one who produce our goods and services.Household are family or individual own factors of production, consume goods and services. If goods and services the firms will be sellers and the household will be buyers. If factor market the buyers will be firms and the seller is household.

[mailonrhealync.]

I've learned from this lesson is it shows that the Purpose Circular Flow diagram is to understand how money moves within an economy and it represents the organization of the economy. And it shows how the goods, services, resources and money move through our economy. The flow is made by the households and firms and then it work with interaction of the two in the market for the economy.

[crissalenejoycerivera]

I learned that Circular Flow Diagram is the flow of money between the household and firms. The product market and the resource market are located between the two households purchase goods and services form business via the product market . Meanwhile, business require resources to produce goods and services through the resource market, members of households provide labor to business. Business then convert those resources into goods and services.

[mercadonovielyn]

In circular flow diagram, it explain the flow of money between the firms and household. Firms uses factors of production to produce goods and services for the household. While the household, it owns the factors of production that firms uses. So, both of them, firms and household, can be a buyer and seller. Both of them can earned profit because household buys goods and services from the firms and firms pays expenses such as the land and workers on the household.