Also land, labour and entrepreneurship combined make posible to produce goods however which one is able to pay for the total price of the goods? if the resulting merchandise is a combination of the three while the money paid is distributed amongst the three
Thank you for the explanation, I have a question: is the flow of goods and services arithmetically the same to flow of dollars? Question 2: is capital referring to money or capital goods? The way I see this model is that there is a fixed amount of money I pay lets say 1million to make all the goods then everyone involved decides to buy all the goods so I get the million back, they make a second batch of goods and I sell it to them... something does check in my opinion.
Excellent explanation thank you so much 🤝☺️
Great Explanation
Also land, labour and entrepreneurship combined make posible to produce goods however which one is able to pay for the total price of the goods? if the resulting merchandise is a combination of the three while the money paid is distributed amongst the three
Thank you for the explanation, I have a question: is the flow of goods and services arithmetically the same to flow of dollars?
Question 2: is capital referring to money or capital goods?
The way I see this model is that there is a fixed amount of money I pay lets say 1million to make all the goods then everyone involved decides to buy all the goods so I get the million back, they make a second batch of goods and I sell it to them... something does check in my opinion.
Good