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FYI, Factor market: where factors of production such as labor, capital and resources are bought and sold. (www.investorwords.com) s This How Our Audience Sees the Econom

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Page 1: FYI, Factor market: where factors of production such as labor, capital and resources are bought and sold. () Is This How Our Audience

FYI, Factor market: where factors of production such as labor, capital and resources are bought and sold. (www.investorwords.com)

Is This How Our Audience Sees the Economy?

Page 2: FYI, Factor market: where factors of production such as labor, capital and resources are bought and sold. () Is This How Our Audience

BanksConsumers

FinishedProducers Government

Central BankRaw producers

Salaries

Page 3: FYI, Factor market: where factors of production such as labor, capital and resources are bought and sold. () Is This How Our Audience

BanksConsumers

FinishedProducers Government

Central BankRaw producers

Salaries Purchases

Page 4: FYI, Factor market: where factors of production such as labor, capital and resources are bought and sold. () Is This How Our Audience

BanksConsumers

FinishedProducers Government

Central BankRaw producers

Savings Salaries Purchases

Page 5: FYI, Factor market: where factors of production such as labor, capital and resources are bought and sold. () Is This How Our Audience

BanksConsumers

FinishedProducers Government

Central BankRaw producers

Savings Loans Salaries Purchases

Page 6: FYI, Factor market: where factors of production such as labor, capital and resources are bought and sold. () Is This How Our Audience

BanksConsumers

FinishedProducers Government

Central BankRaw producers

Savings Loans Principal, interest Salaries Purchases

Page 7: FYI, Factor market: where factors of production such as labor, capital and resources are bought and sold. () Is This How Our Audience

BanksConsumers

FinishedProducers Government

Central BankRaw producers

Savings Loans Principal, interest Taxes Salaries Purchases

Page 8: FYI, Factor market: where factors of production such as labor, capital and resources are bought and sold. () Is This How Our Audience

BanksConsumers

FinishedProducers Government

Central BankRaw producers

Savings Loans Principal, interest Taxes Salaries Purchases Public services

Page 9: FYI, Factor market: where factors of production such as labor, capital and resources are bought and sold. () Is This How Our Audience

Banks, financial markets Consumers

FinishedProducers Government

Central BankRaw producers

Savings,investments

LoansPrincipal, interest

TaxesSalaries

Purchases

Public services

Money in/out

Political influence

Page 10: FYI, Factor market: where factors of production such as labor, capital and resources are bought and sold. () Is This How Our Audience

Consumers

FinishedProducers Government

Central BankRaw producers

Savings Loans Principal, interest Taxes Salaries Purchases Public services Money in/out

Political influence

Banks, financial markets

Page 11: FYI, Factor market: where factors of production such as labor, capital and resources are bought and sold. () Is This How Our Audience

• Numerous economic components missing.• Numerous interrelationships missing.• Just meant to give you a glimpse of how we

view.• Other economies work differently, China’s

state capitalism, for instance.• Each economy interacts with others

globally.• About 200 economies at the party.• Economists looking for theory, efficiency,

solutions, Nobels.• Journalists look for simplified explanations,

stories, Pulitzers.


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