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What Are the Two Basic Markets in the Simple Circular-Flow

question 85

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What are the two basic markets in the simple circular-flow model?  


Definitions:

Single-mother Families

Households led by a woman raising her children without the presence or involvement of the father or another partner.

Deprived Economically

The condition of lacking economic resources or access to financial opportunities that are necessary for a basic standard of living.

Father Leaves

A situation where a father physically and/or emotionally exits the family unit, leaving a gap in parental care and involvement.

Latchkey Children

Children who return from school to an empty home because their parents or guardians are at work, or who are left with minimal supervision.

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