Circular Flow Chart by Markus Ylli Maravillas https://padlet.com/21maravillasm39_2/ldzj65evyimslche by Markus Maravillas 4th period en-us 2020-10-20 17:45:58 UTC 2025-12-23 23:00:57 UTC hello@padlet.com https://padlet.net/icons/png/2b55.png Product Market-Shoes (Jordans) 21maravillasm39_2 https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/846016911 2020-10-20 17:50:30 UTC https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/846016911 Individuals (Me) 21maravillasm39_2 https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/846032620 2020-10-20 17:53:36 UTC https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/846032620 Businesses (Nike) 21maravillasm39_2 https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/846046803 2020-10-20 17:56:30 UTC https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/846046803 Factor Market 21maravillasm39_2 https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/846060364 2020-10-20 17:59:20 UTC https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/846060364 Consumer Spending 21maravillasm39_2 https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/846074918 I put money into the product market by buying a $180 pair of Jordans from Nike]]> 2020-10-20 18:02:29 UTC https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/846074918 Business Revenue 21maravillasm39_2 https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/846077449 From selling these shoes, Nike earns revenue]]> 2020-10-20 18:03:03 UTC https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/846077449 Payment for Resources and Labor 21maravillasm39_2 https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/846079612 Using the revenue they received from the shoes, they buy resources like leather, polyester, foam, cotton, and textiles and synthetics to make more shoes. They also buy sewing machines to make the shoes. Most resources come from Thailand or Malaysia and the machines are bought from ]]> 2020-10-20 18:03:32 UTC https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/846079612 Income from resources 21maravillasm39_2 https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/846135148 They also use the revenue to pay for employees or any other investors. Most factories are located in Asia (China, Philippines, Indonesia, etc.)]]> 2020-10-20 18:15:22 UTC https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/846135148 Sell land, labor, capital, and entrepreneurship. 21maravillasm39_2 https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/849914510 As an individual I own all factors of production. Nike can buy my labor to make shoes. ]]> 2020-10-21 18:16:30 UTC https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/849914510 Buy Productive Resources 21maravillasm39_2 https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/849925478 Nike buys the labor, capital, or entrepreneurship from individuals. ]]> 2020-10-21 18:19:00 UTC https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/849925478 Sell Goods and Services 21maravillasm39_2 https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/849949173 Nike makes the shoes with the resources and sells them into the product market]]> 2020-10-21 18:24:43 UTC https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/849949173 Buy Goods and Services 21maravillasm39_2 https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/849953326 The goods and the services that nike sells flows back to the individuals]]> 2020-10-21 18:25:43 UTC https://padlet.com/21maravillasm39_2/ldzj65evyimslche/wish/849953326