Circular Flow Model

What goes at point 1

• Spending

• Income

• Goods and Services

• Land Labor capital entreprenuership

What goes at point 2

• wages, interest, revenue, profit

• Revenue

• Income

• Spending

What goes at point 3

• Goods and services

• income

• spending

• factors of production

What goes at point 4

• Factors of Production

• Income

• Revenue

• wages, intrest, revenue, profit

What goes at point 5

• Spending

• Income

• Factors of Production

• Goods and services

What goes at point 6

• Factors of Production

• Revene

• spending

• wages, interest, revenue, profit

What goes at point 7

• Goods and services

• Factors of Production

• wages, interest, revenue, profit

• Land, labor, capital, entrepreneurship

What goes at point 8

• Goods and services

• Land, labor, capital, entrepreneurship

• Spending

• Wages, interest, revenue. profit