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Edited on Wed Mar-31-04 05:44 PM by oscar111
Macroeconomic model, showing concepts of the economy as seen by democrats, not corporations.
Pls give me the name of the model, and also url's of economics forums which might give the name, if you dont have the name. thanks!
The model has 4 parts, arrayed in a diamond form: ------------TOP: ---------Owner and ---------stored wealth ---------for financing factories LEFT:-------------------RIGHT: Raw Materials=========>Consumers ---------------BOTTOM: -------------Human Labor ///Raw materials flow from left to right, ... in the center they are formed into a product or service, {ok, service not need raw materials} ...and the consumer pulls the product to the right with his demand. Also wish to know what % of GDP goes to each part: owners, new machines, raw materials, middle class labor. thanks
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