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image, goods and services bought, Goods and services sold, Production…
<---TAXES
(YOU HOUSEHOLD
MARKETS FOR FACTOR PRODUCTION
Expenditures
MARKET FOR GOODS AND SERVICES
TAXES--->
FIRMS(BUSINESS)
goods and services bought
Goods and services sold
Production inputs
human,natural and capital resources
wages,rents and profits
spendings
Revenue
Revenue
Welfare--->
RESOURCE
EXPENDITURES
<---GRANTS
goods and service
