Yr 8 Business Studies - Circular Flow

Households provide Firms with...

• Resources

• Goods

• Services

• Income

In terms of resources, what do households provide for businesses?

• Labour

• Loans

• Savings

• Taxes

What do Firms provide for households?

• Goods and Services

• Taxes

• Loans

• Savings

What do households provide for banks?

• Savings

• Taxes

• Loans

• Income

What do Banks provide firms?

• Investment

• Taxes

• Income

• Savings

Business's provide households with

• Income

• Taxes

• Resources

• Savings

In the circular flow model, the retail market describes _____

• stores that sell goods and services to households

• the government paying for public goods

• households selling their labour to businesses

• households receive income from businesses

A ________ consists of producers, who make and sell goods and services; and consumers, who buy the goods and services.

The _______ sector consists of all the consumers in the economy.

The _______ sector consists of banks that allow households to deposit savings.