Doritos

​Economic Flow chart

By Sarah HUCKLEBERRY

Match

Match each part of the Circular Flow with the correct examples.

• Product Market

• Businesses

• Factor Market

• Individuals

7-Eleven, Walmart, Dollar General, Costo

Frito-Lay Company

Corn, Factory, Employees

Alyssa Loves to eat Doritos

• 7-Eleven, Walmart, Dollar General, Costo

• Frito-Lay Company

• Corn, Factory, Employees

• Alyssa Loves to eat Doritos

Open Ended

1. Look at both the picture and the photo/graphics in the article.  What can you predict this article is about?

Open Ended

Find this word ‘enticing’ .  What does enticing mean in this article?  Re-read the paragraph and the quote that starts, “Basically,” to help you develop the definition.       

Open Ended

1. Read the article again and paraphrase into the box any piece of information that affects the economy.  Explain how it would affect the economy.

Match

Match each part of the Circular Flow with the correct examples. This is the pitch for the Hater App on Shark tank. https://www.youtube.com/watch?v=LGL3X4-IBP8

• Product Market

• Businesses

• Factor Market

• Individuals

The App Store, their website

Hater

Employees, computers, servers

people looking for a romantic partner

• The App Store, their website

• Hater

• Employees, computers, servers

• people looking for a romantic partner

​Terms to Know
Product Market - Places where a person can buy goods and services. They can be physical stores that you walk into or online stores.

Business - Are the companies and individuals that create a good or service and then sell it to the public.

Factor Market - Are places that sell the Factors of Production. Labor -employees to work, Land - the land and other natural resources to make products, Capital - the tools and machines to make the products, and entrepreneurship the people that have a new idea, innovation, or invention.

Individual - You, a person that buys products and services and who sells their labor to the Factor Market.