Hello America Antonio
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Title: Hello America Antonio

Essay Details:

Subject: American History
Author: Daniel S
Date: June 10, 2017
Level: University
Grade: A
Length: 3 / 672

Essay text:

It shows how output generates income which is then spent and it shows the relationship between households, the government and the foreign trade sector A TWO SECTOR MODEL:- A simple model of the economy in which there are only two sectors, firms and households, is illustrated in Figure 26. I. Firms are the producing units which hire services provided by the people from the households. For these services firms pay wages (for labor), rent (for land), interest and dividends (for the services of capital).There is therefore, a flow of factor services from households to firms and a flow of income from firms to households...

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