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What are the four sectors in a more complex circular-flow diagram?
Classical Economist
An economist adhering to a school of thought originating in the late 18th and early 19th centuries, focusing on free markets, the role of self-interest, and the importance of limiting government intervention in the economy.
Interest Rates
A lender's charge to a borrower, expressed as a proportion of the principal, for accessing assets.
Supply and Demand
Economic model of price determination in a market, stating that the price of a good or service varies directly with its demand and inversely with its supply.
Government
An organization or system that governs and implements decisions in a community, country, or society through the establishment of rules and the management of public services.
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