Business Registry Business Name Search. US States. Student Gateway to the U.S. Government. Welcome to the USGS - U.S. Geological Survey. Science.govUSA.gov for Science - Government Science Portal. GPO Access Home Page. USA.gov The U.S. Government's Official Web Portal.
US Federal Goverment. Census Bureau Home Page. History Learning Site. U.S. National Debt Clock : Real Time. Circular_flow.wmv. National income, output, and expenditure are generated by the activities of the two most vital parts of an economy, its households and firms, as they engage in mutually beneficial exchange.
The primary economic function of households is to supply domestic firms with needed factors of production - land, human capital, real capital and enterprise. The factors are supplied by factor owners in return for a reward. Land is supplied by landowners, human capital by labour, real capital by capital owners (capitalists) and enterprise is provided by entrepreneurs. Firms The function of firms is to supply private goods and services to domestic households and firms, and to households and firms abroad. Factor incomes Factors of production earn an income which contributes to national income. Members of households pay for goods and services they consume with the income they receive from selling their factor in the relevant market.
Production function Q = f (L, La, K) Video The Circular flow of income. GPO Access Home Page. Newspapers & Magazines. US Producer Price Index Chart and Data - YCharts. The Universal Declaration of Human Rights.
Whereas recognition of the inherent dignity and of the equal and inalienable rights of all members of the human family is the foundation of freedom, justice and peace in the world, Whereas disregard and contempt for human rights have resulted in barbarous acts which have outraged the conscience of mankind, and the advent of a world in which human beings shall enjoy freedom of speech and belief and freedom from fear and want has been proclaimed as the highest aspiration of the common people, Whereas it is essential, if man is not to be compelled to have recourse, as a last resort, to rebellion against tyranny and oppression, that human rights should be protected by the rule of law, Whereas it is essential to promote the development of friendly relations between nations, Whereas Member States have pledged themselves to achieve, in co-operation with the United Nations, the promotion of universal respect for and observance of human rights and fundamental freedoms, Article 1.