Law of Diminishing Marginal Utility Q - quantity of good TU - total utility MU - marginal utility (ΔTU) Author:...
From a macroeconomic perspective, households, government and firms (corporations) are the 3 fundamental players of money and resources. This flowchart...
Firms and households interact and exchange resources in the big Circular Flow of Income illustrated by the diagram below. The...
2007 GDP Nominal Per Capita World Map Data source: International Monetary Fund
This flow-chart diagram illustrates how governments, households, corporations and international entities interact in 3 major markets to run the economy...
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