Using the outline below, draw a circular-flow diagram representing the interactions between households and firms in a simple economy. Explain briefly the various parts of the diagram.
Definitions:
Pollinator Wasps
Wasps species that participate in pollination, transferring pollen from one flower to another and assisting in plant fertilization.
Descent With Modification
A principal of Darwin's theory of evolution, describing how species change over time through the inheritance of physical or behavioral traits.
Evolution by Natural Selection
A mechanism proposed by Charles Darwin whereby organisms better adapted to their environment tend to survive and produce more offspring.
Evolutionary Events
Significant occurrences in the history of life that have led to changes in species over time, including mutations, gene flow, and natural selection.
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