expenditures. 2.0 Circular Flow between Firm and Households The circular flows between firms and household may therefore be represented by the following 4 flows: Flow of factor of production from household to firms Flow of incomes from firm to household Flow of output of goods and services from firm to households Flow of expenditures from household to firm These four flows are illustrated as appendix 1. Outer flow of incomes and expenditures are flow of money‚ whereas the inner flows of factors of production
Free Unemployment Economics Income tax
FLOW MEASUREMENT (Venturi meter‚ Orifice Plate and Rotameter) OBJECTIVES To study the characteristics and applications of various flow measuring device (venturi meter & orifice plate). To calculate the volume flow rate of water from the pressure difference of both venturi and orifice devices. To compare between theoretical and actual volumetric flow rate through the discharge coefficient concept. To know how rotameter works. INTRODUCTION The measurement of fluid flow is important in applications
Premium Fluid dynamics
Executive Summary: This report aims to identify the most probable outcome of Accuflow Inc.’s management buyout deal with respect to three parties‚ Accuflow management‚ Venture capitalist (Greylock and NorWest)‚ and HPC. The report will seek to identify Accuflow enterprise value from the viewpoints of the different parties and with different valuation techniques in order to come to the conclusion. Initial Scenario: The report assumes that the initial scenario of the deal is made with the $25
Premium Corporate finance Debt Private equity
diverse interests and to provide a new political model. There are two common representations of the federalism system: dual and cooperative federalism. Dual federalism is a view holding that the constitution is a compact among sovereign states‚ so that the powers of the national and state governments are different. Dual federalism has four parts: First‚ would be that the national government is ruled by the powers of the federal government which is in the constitution. Second‚ the
Premium United States Federal government of the United States Federalism
Create an activity diagram for the following system. Of-the-Month Club (OTMC) is an innovative young firm that sells memberships to people who have an interest in certain products. People pay membership fees for one year and each month receive a product by mail. For example‚ OTMC has a coffee-of-the-month club that sends members one pound of special coffee each month. OTMC currently has six memberships (coffee‚ wine‚ beer‚ cigars‚ flowers‚ and computer games)‚ each of which costs a different amount
Free Video game Personal computer game Credit card
Circular Flow of Economic Activity (Four Sector Model) Introduction To analyze an economy as a whole economists developed different models. The significance of these economic models enable us to understand the economic activities more vividly. For this purpose an economy can be classified in to four major sector. Which includes households‚ firms‚ government and foreign sector or external sector. There is a simple model which constitute two sectors‚ that is households and firms. Its working can be
Premium Economics
The City Shaped; The City as Diagram In the Tired chapter‚ “The City as Diagram”‚ he explains that the design intent that determines the eventual form of certain cities. With the contemporary Eco village of Arcosanti and the Medieval period Palmanova in Italy‚ he contrasts two distinct forms‚ tracing their diagrammatic evolution. The diagram of the two cities is very specific‚ addressing their intent; responding to the landscape the former and to the militaristic needs and ideas in the latter
Premium City Angkor Wat Diagram
Set Operations and Venn Diagrams " Please respond to the following: QUES: Create a story problem that demonstrates how a Venn diagram could be used to illustrate combined operation with sets. ANS: Use a Venn diagram to illustrate the following scenario: There are 40 people in a drum corp. Of the 40 people‚ 20 play the snare drum; 10 play the trumpet; 5 plays the cymbals. There are 5 people that play both the snare drum and cymbals; and 3 play all three instruments. How many people don’t play
Premium Venn diagram Diagram Drum kit
The circular flow of income model is a theoretical representation of the economy. It shows the distribution of income within the economy and the interaction between the different sectors in a modern market economy. The five-sector model is a more elaborate model in comparison to the basic‚ two‚ three and four sector models. The model represents an economy like Australia and divides the economy into five main sectors. The first sector in the model is the Households sector. This sector refers to
Premium Economics Macroeconomics Inflation
08 Fall An Overview on Cooperatives within the United States Colleen Laverty‚ Christian Munoz‚ Shiyao Xie An Overview on Cooperatives within the United States Colleen Laverty‚ Christian Munoz‚ Shiyao Xie Table of Contents Introduction 4 What is a Cooperative 4 Cooperative Principles 4 Self-Identification 5 Incorporation status 5 Tax-filing status 6 Ownership considerations 7 Financial Management 7 Startup costs 7 How cooperatives are financed? 7 The Seven
Premium Cooperative