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SAM, Households, Factors of production - Coggle Diagram
SAM
Savings (column), total investment expenditure in the economy
Private in the intersection with commodities
Government in the intersection with government investment row
Activities
- Expenditures incurred during production
- Purchases of intermediate inputs
- Payment to the factors of production
Commodities
- Total supply of commodities valued at market price
- commodity row gives the total demand of commodities
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Enterprises
1.earn profits from capital and land, get subsidies from the (row)
2.They pay wages and taxes to the government
Household
1.Income
- combined owned account and marketed consumption
- Income taxes
- Saving
(row we have income and transfers from the government and remittance)
Recurrent Government
- row has all receipts, taxes and transfers from the rest of the world
- Column we have expenditure, transfers and savings
Government Investment
- All outlays paid for investment goods by government funds are located in the intersection
between government investment and commodities
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Rest of world
Exports, loans, grants, and transfers in the column
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Factors of production
Land
Rural and urban, 4 education levels (number of school years completed)
Capital
Crops, livestock, mining and others
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