In the circular flow model: What are the two markets and define each? What roles do households play and what roles do businesses play in each market? Define households and describe the three basic forms of businesses. Discuss in detail use examples and facts. View the power-point slides and/or read chapter two textbook. Please use proper Netiquette (Internet etiquette) when commenting on another student’s posting. When posting on the discussion boards and chat rooms it is important to understand how to interact with one another online, netiquetextbookte. You can read more about the rules of netiquette at http://www.albion.com/netiquette/index.html Links to an external site. Due Tuesday end of day, if you need an extension contact the instructor (email) explain the reason, extension is at instructor’s discretion. Otherwise late submission will not be accepted. A minimum of 200 word response is required for full credit and a detailed reply to at least one classmate in more detail, discuss the lesson content for full credit.
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