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:
Goal Setting
The practice of identifying and outlining personal or professional targets and planning steps to achieve them.
Determine Purpose
The process of identifying the specific reason or intention behind an action or task.
Attend College
The action of enrolling in and going to a tertiary education institution for pursuing higher education or a degree.
Establishing Goals
The act of defining specific, measurable, achievable, relevant, and time-bound objectives to guide personal or professional development.
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