Construct a circular-flow diagram for a business or industry in your community.

Posted: June 8th, 2022

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Learning Goal: I’m working on a developmental economics question and need a sample draft to help me learn. Part One: Choose Identify an economic issue that is important in your community. You may choose to talk to your instructors and members of your family. You may choose an issue from the list below. Economic Policy TopicsWater scarcity
Sustainable development
Climate change
Animal overpopulation
Air pollution
Energy conservation
Water pollution
Resource stripping
Sanitation
Erosion
Hazardous waste
Transportation
Chemical safety
Malnutrition
Biodiversity
Deforestation
Population/food supply
Noise pollution
Part Two: ResearchLearn more about how this issue affects your community. You may choose to contact a local leader such as a member of your city or county council or representative from a related citizen interest group. Consult an online phone book or community website for contact information. Use the Research Chart to document your data, take notes, and track your sources of information.Part Three: ConstructConstruct a circular-flow diagram for a business or industry in your community. Diagram the flow of goods, services, and money from your chosen industry to the various sectors of the local and world economy.For example, a factory in your community creates jobs and products. The income to the households creates spending in the economy as people consume products, invest, and pay taxes to the government.Use the Research Chart to document how this business or activities affect the various sectors of the local and world economy.
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