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Business Registry Business Name Search. 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 Goverment

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.

To do this they use factors and pay for their services. 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. GPO Access Home Page. Newspapers & Magazines. US Producer Price Index Chart and Data - YCharts. U.S. History Images.

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