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In a Simple Circular Flow Diagram,who Supplies Factors of Production

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Essay

In a simple circular flow diagram,who supplies factors of production in markets and who buys these factors of production? Who supplies goods and services in markets and who buys these goods and services?


Definitions:

Benefit Corporations

A type of for-profit corporate entity, which includes positive impact on society, workers, the community, and the environment in addition to profit as its legally defined goals.

Profitable

A financial state where revenues exceed expenses, generating a positive financial gain from business operations.

Shareholders

Individuals or entities that own shares in a corporation, giving them certain rights and interests in the company.

Deontological Thinker

An individual who bases ethical decision-making on fixed moral rules or duties, regardless of the outcomes these decisions may produce.

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