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In the Simple Circular-Flow Diagram, the Participants in the Economy

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In the simple circular-flow diagram, the participants in the economy are


Definitions:

Control Group

In experimental research, a group of subjects that does not receive the experimental treatment and is used as a benchmark to measure the effects of the treatment.

Experimental Group

A group in an experiment that receives the variable being tested.

Metaphors

Figures of speech that describe an object or action in a way that isn’t literally true, but helps explain an idea or make a comparison.

Analogy

A comparison between two or more similar events or things.

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