Firms produce goods for households – that’s us – and provide us with incomes, and that’s even better, because we can spend those incomes on more goods and services. That’s called the circular flow of the economy.
– Tim Jackson
Firms produce goods for households – that’s us – and provide us with incomes, and that’s even better, because we can spend those incomes on more goods and services. That’s called the circular flow of the economy.
– Tim Jackson