Home > Blossary: Glossary for Principles of Macroeconomics/Microeconomics
Useful terms for students who major in economy or who learn Principles of Macroeconomics/Microeconomics (N. Gregory Mankiw)

Category: Education

20 Terms

Created by: zzcgood

Number of Blossarys: 7

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The continuous movement of production, income, and resources between producers and consumers. This flow moves through product markets as the gross domestic product of our economy and is then the revenue received by the business sector in payment for this production. This stream of revenue then flows through resource markets as payments by businesses for the resources employed in production. The payments received by resource owners, however, is nothing more than the income of the household sector. The resource owners of the household sector use this income to purchase goods and services through the product markets, coming full circle to where we began.

Domain: Economy; Category: Economics

Gerakan terus menerus produksi, pendapatan, dan sumber daya antara produsen dan konsumen. Aliran ini bergerak melalui pasar produk sebagai produk domestik bruto perekonomian kita dan kemudian pendapatan yang diterima oleh sektor usaha dalam pembayaran untuk produksi ini. Ini aliran pendapatan yang kemudian mengalir melalui sumber pasar sebagai pembayaran oleh bisnis untuk sumber daya yang digunakan dalam produksi. Pembayaran yang diterima oleh pemilik sumber daya, bagaimanapun, adalah tidak lebih dari pendapatan sektor rumah tangga. Pemilik sumber daya sektor rumah tangga menggunakan pendapatan ini untuk membeli barang dan jasa melalui pasar produk, datang lingkaran penuh ke mana kita mulai.

Domain: Economy; Category: Economics

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